Financials

For The First Quarter Ended 31 March 2008

CONDENSED CONSOLIDATED INCOME STATEMENT

(The figures have not been audited)



Note:
The Condensed Consolidated Income Statement should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2007 and the accompanying explanatory notes attached to the Interim Financial Statements.

CONDENSED CONSOLIDATED BALANCE SHEET


Note:
The Condensed Consolidated Balance Sheet should be read in conjunction with the Audited Financial Statements for the year ended 31 December 2007 and the accompanying explanatory notes attached to the Interim Financial Statements.

Review Of Performance
The Group's revenue for the current quarter registered at RM10.8 million, a decrease of RM2.5 million or 18.8% as compared to the preceding year corresponding quarter of RM13.3 million mainly due to lower sales revenue from export of wooden picture frame moulding resulting from the adverse economic conditions in United States and the weakening of the US Dollar against Malaysian Ringgit. The Group recorded a lower profit before tax of RM1.5 million, a decrease of RM2 million or 57.1% as compared to RM3.5 million in the preceding year corresponding quarter. The decrease in profit before tax was mainly attributable to lower sales revenue and higher raw material costs.

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