Vitrox q12019

VITROX CORPORATION BERHAD
(Incorporated in Malaysia)
Company No: 649966-K
INTERIM FINANCIAL REPORT
FOR THE FIRST QUARTER

ENDED 31 MARCH 2019
CONTENTS
Page
Condensed Consolidated Statement of Comprehensive Income………………….. 1
Condensed Consolidated Statement of Financial Position……..………………….. 2
Condensed Consolidated Statement of Changes in Equity...……………………… 3-4
Condensed Consolidated Statement of Cash Flows…..……………………………. 5-6
Notes to the Interim Financial Report…………………………………………………. 7-13
QUARTERLY REPORT ON RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2019
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(The figures have not been audited)
INDIVIDUAL QUARTER CUMULATIVE QUARTER

Corresponding
Corresponding Current preceding
Current quarter preceding period-to-date period-to-date
ended quarter ended ended ended
31-Mar-19 31-Mar-18 31-Mar-19 31-Mar-18
Note RM'000 RM'000 RM'000 RM'000
Revenue 88,956 77,312 88,956 77,312
Other operating income 2,092 1,283 2,092 1,283
Operating expenses (65,477) (56,300) (65,477) (56,300)
Finance costs (559) (2) (559) (2)
Share of associate's loss (87) (19) (87) (19)
Profit before tax B12 24,925 22,274 24,925 22,274
Tax expense B5 (1,309) (2,014) (1,309) (2,014)
Profit for the financial period 23,616 20,260 23,616 20,260
Other comprehensive income:-
Item that may be reclassified

subsequently to profit or loss:-
Currency translation differences
for the foreign operation 46 (56) 46 (56)
Other comprehensive income

for the financial period 46 (56) 46 (56)
Comprehensive income
for the financial period 23,662 20,204 23,662 20,204
Earnings per share attributable

to ordinary equity holders
of the Company (sen) B10
- Basic 5.02 4.31 5.02 4.31
- Diluted 5.01 4.30 5.01 4.30
The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory
notes and audited financial statements for the financial year ended 31 December 2018.
1
CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As at As at
31-Mar-19 31-Dec-18
RM'000 RM'000
(Unaudited) (Audited)
ASSETS
Non-current assets
Property, plant and equipment 156,003 155,144
Investment properties 600 600
Development expenditure 479 658
Investment in associate 3,660 3,047
Investments in club memberships, at cost 91 91
Deferred tax assets 487 487
161,320 160,027
Current assets
Inventories 108,924 103,696
Receivables 140,004 156,687
Derivatives 207 117
Prepayments 5,296 5,360
Current tax assets 1,395 1,485
Cash and cash equivalents 165,044 148,733
420,870 416,078
TOTAL ASSETS 582,190 576,105
EQUITY AND LIABILITIES

Equity
Share capital 50,750 50,637
Reserves 386,602 362,868
Total equity 437,352 413,505
Non-current liabilities
Deferred tax liabilities 1,579 1,579
Term loans - secured 47,008 53,089
Deferred income on government grants 2,628 3,038
Total non-current liabilities 51,215 57,706
Current liabilities
Payables 77,025 83,894
Dividend payable 0 8,235
Term loans - secured 7,010 3,145
Contract liabilities 8,401 8,352
Current tax liabilities 1,187 1,268
Total current liabilities 93,623 104,894
Total liabilities 144,838 162,600
TOTAL EQUITY AND LIABILITIES 582,190 576,105
Net assets per ordinary share attributable to

owners of the Company (sen) 92.94 87.88
The Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying explanatory notes
and audited financial statements for the financial year ended 31 December 2018.
2
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
Share Currency
Share Capital option translation Retained Total
c apital reserve* reserve reserve profits equity
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
P e riod e n de d 3 1 Ma rc h 2 0 19
Balance at 1 January 2019 50,637 489 929 (222) 361,672 413,505
Profit for the financ ial period 0 0 0 0 23,616 23,616

Currenc y translation differenc es for foreign operation
(representing other c omprehensive inc ome for the
financ ial period) 0 0 0 46 0 46
Comprehensive inc ome for the financ ial period 0 0 0 46 23,616 23,662
Share- based payments 0 0 102 0 0 102

Issue of shares pursuant to Employees' Share
Option Sc heme 113 0 (30) 0 0 83
Total transac tions with owners 113 0 72 0 0 185
Balance at 31 Marc h 2019 50,750 489 1,001 (176) 385,288 437,352
* This represents the c umulative amount transferred from the retained profits of a subsidiary under the statutory requirements of the People’s Republic of China.
3
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (cont’d)
Share Currency
Share Capital option translation Retained Total
c apital reserve* reserve reserve profits equity
RM'000 RM'000 RM'000 RM'000 RM'000 RM'000
P e rio d e n de d 3 1 Ma rc h 2 0 18
Balanc e at 1 January 2018
- Brought forward from prec eding period 49,275 277 745 (8) 279,951 330,240
- Changes in ac c ounting policies 0 0 0 0 (1,211) (1,211)
- Adjusted 49,275 277 745 (8) 278,740 329,029
Profit for the financ ial period 0 0 0 0 20,260 20,260

Currenc y translation differenc es for foreign operation
(representing other c omprehensive inc ome for the
financ ial period) 0 0 0 (56) 0 (56)
Comprehensive inc ome for the financ ial period 0 0 0 (56) 20,260 20,204
Share- based payments 0 0 143 0 0 143

Issue of shares pursuant to Employees' Share
Option Scheme 32 0 (18) 0 0 14
Total transactions with owners 32 0 125 0 0 157
Balanc e at 31 Marc h 2018 49,307 277 870 (64) 299,000 349,390
* This represents the c umulative amount transferred from the retained profits of a subsidiary under the statutory requirements of the People’s Republic of China.
The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the accompanying explanatory notes and audited financial statements for the financial year ended 31 December 2018.
4
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
Corresponding
Current preceding
period-to-date period-to-date
ended ended
31-Mar-19 31-Mar-18
RM'000 RM'000
CASH FLOWS FROM OPERATING ACTIVITIES
Profit before tax 24,925 22,274
Adjustments for:-
Amortisation and depreciation 2,232 1,619
Amortisation of deferred income (410) (428)
Fair value gains on financial instruments (207) (1,261)
Gain on disposal of property, plant and equipment (404) 0
Impairment gains on financial assets (16) 0
Interest expense 559 2
Interest income (1,194) (853)
Inventories written down 5,515 3,542
Reversal of inventories written down (5,018) (3,430)
Share-based payments 102 143
Share of associate's loss 87 19
Unrealised (gain)/loss on foreign exchange (116) 1,757
Operating profit before working capital changes 26,055 23,384
Changes in:-
Inventories (5,725) (25,579)
Receivables 12,866 (4,853)
Derivatives 117 1,046
Prepayments 64 (833)
Payables (3,763) (119)
Contract liabilities 50 1,416
Cash generated from/(used in) operations 29,664 (5,538)
Tax paid (1,309) (1,639)
Tax refunded 8 56
Net cash from/(used in) operating activities 28,363 (7,121)
CASH FLOWS FROM INVESTING ACTIVITIES

Interest received 1,230 941
Proceeds from disposal of property, plant and equipment 445 0
Purchase of property, plant and equipment (2,951) (5,117)
Subscription for shares in associate (700) 0
Net cash used in investing activities (1,976) (4,176)
CASH FLOWS FROM FINANCING ACTIVITIES

Dividends paid (8,235) (7,052)
Interest paid (557) (421)
Issue of shares 82 14
Repayment of term loans (1,467) (1,027)
Net cash used in financing activities (10,177) (8,486)
5
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS (cont’d)
Corresponding
Current preceding
period-to-date period-to-date
ended ended
31-Mar-19 31-Mar-18
RM'000 RM'000
Currency translation differences 101 (471)
Net increase/(decrease) in cash and cash equivalents 16,311 (20,254)
Cash and cash equivalents at beginning of period 148,733 150,572
Cash and cash equivalents at end of period 165,044 130,318
Cash and cash equivalents consist of:-

Highly liquid investments 135,236 94,646
Term deposits 5,820 1,737
Cash and bank balances 23,988 33,935
165,044 130,318
The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the accompanying explanatory notes and
audited financial statements for the financial year ended 31 December 2018.
6
A. NOTES TO THE INTERIM FINANCIAL REPORT
A1 Basis of preparation of Interim Financial Report

The interim financial report is unaudited and has been prepared in compliance with Malaysian Financial
Reporting Standards (“MFRS”) 134, Interim Financial Reporting issued by the Malaysian Accounting
Standards Board, Paragraph 9.22 and Appendix 9B of the Listing Requirements of Bursa Malaysia
Securities Berhad.
The interim financial report should be read in conjunction with the audited financial statements of the
Group for the financial year ended 31 December 2018 and the accompanying explanatory notes attached
to this interim financial report.
The significant accounting policies and method of computation adopted in the interim financial report are
consistent with those adopted in the annual financial statements for the financial year ended 31
December 2018 except for the adoption of the following MFRSs:-
Effective for
annual periods
beginning on or
MFRS after
MFRS 16 Leases 1 January 2019

IC Interpretation 23 Uncertainty over Income Tax Treatments 1 January 2019
Amendments to MFRS 3 Previously Held Interest in a Joint Operation 1 January 2019
(Annual Improvements to MFRS Standards 2015 - 2017 Cycle)
Amendments to MFRS 9 Prepayment Features with Negative 1 January 2019
Compensation
Amendments to MFRS 11 Previously Held Interest in a Joint Operation 1 January 2019
Amendments to MFRS 119 Plan Amendment, Curtailment or Settlement 1 January 2019
Amendments to MFRS 123 Borrowing Costs Eligible for Capitalisation 1 January 2019
Amendments to MFRS 128 Long-term Interests in Associates and Joint 1 January 2019
Ventures
The adoption of the above MFRSs did not result in any significant changes in the accounting policies of
the Group.
The Group has not applied the following MFRSs which have been issued as at the end of reporting
period but are not yet effective:-
Effective for
annual periods
beginning on or
MFRS (issued as at the end of the reporting period) after
MFRS 17 Insurance Contracts 1 January 2021

Amendments to MFRS 3 Definition of a Business 1 January 2020
Amendments to MFRS 10 and MFRS 128 Sale or Contribution of Assets between an Deferred
Investor and its Associate or Joint Venture
Amendments to MFRS 101 and MFRS 108 Definition of Material 1 January 2020
Amendments to References to the Conceptual Framework in MFRS Standards 1 January 2020
Management foresees that the initial application of the above MFRSs will not have any significant
impacts on the financial statements.
7
A. NOTES TO THE INTERIM FINANCIAL REPORT (cont’d)
A2 Seasonal or cyclical of operations

The Group’s operation is dependent on the cyclical trend of the semiconductors and electronics
industries.
A3 Unusual items affecting assets, liabilities, equity, net income or cash flows
There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the
current interim period.
A4 Material changes in estimates

There were no changes in estimates of amounts reported in prior interim period of the current financial
year or changes in estimate of amounts reported in prior financial year.
A5 Debts and equity securities

During the current quarter, the Company issued 29,500 new ordinary shares at average exercise price of
RM2.79 pursuant to the Employee Shares Option Scheme (“ESOS”).
Saved as disclosed above, there were no other issuances, cancellations, repurchases, resale or
repayments of debts and equity securities during the current quarter under review.
A6 Dividend paid
During the financial period, the Company paid an interim tax exempt dividend of 1.75 sen per share
amounting to RM8,234,672 for the financial year ended 31 December 2018, paid on 18 January 2019.
A7 Segment reporting
No segment reporting has been prepared as the Group is principally engaged in development and
production of vision inspection system and printed circuit board assemblies for microprocessor
applications.
A8 Material events subsequent to the end of the quarter

There were no materials events subsequent to the end of the current reporting period that have not been
reflected in the interim financial report.
A9 Changes in the composition of the Group

Save as that disclosed below, there were no other changes to the composition of the Group during the
current quarter under review:-
Vide an announcement made on 26 March 2019, ViTrox International Sdn. Bhd. (“VISB”) (a wholly
owned subsidiary of the Company) has on 22 February 2019 acquired the entire share capital of a
foreign business entity in Germany namely, ViTrox Technologies GmbH (“ViTrox Germany”) from
Expandeers Global Network GmbH at EUR25,000 (or RM121,125 equivalent computed at
EUR1.00:RM4.845). In consequent thereof, ViTrox Germany has become a wholly-owned subsidiary of
VCB held through VISB.
A10 Contingencies
There were no contingent assets or liabilities for the Group since 31 December 2018.
A11 Contractual commitments

31-Mar-19 31-Mar-18
RM'000 RM'000
Purchase of property, plant and equipment 10,986 24,339
8
A. NOTES TO THE INTERIM FINANCIAL REPORT (cont’d)
A12 Significant related party transactions

There were no significant related party transactions during the current quarter under review.
A13 Financial instruments

i) Derivatives
As at 31 March 2019, the Group’s outstanding derivatives are as follows:-
RM'000
Forward exchange contracts - at fair value
- Current assets 207
Derivatives consist of forward exchange contracts which are used to hedge the exposure to currency
risk. The Group does not apply hedge accounting. As at 31 March 2019, the Group had contracts with
financial institutions due within 1 year to buy RM21,733,000 and USD5,258,000 at contractual forward
rates.
The fair values of forward exchange contracts were quoted by the financial institutions, which normally
measured the fair values using present value technique by discounting the differences between
contractual forward prices and observable current market forward prices using risk-free interest rate
(i.e. Level 2).
ii) Gains/(Losses) arising from fair value changes of financial liabilities

There were no gains/(losses) arising from fair value changes of financial liabilities for the current
quarter and period ended 31 March 2019.
iii) Fair value

The Group uses valuation techniques that are appropriate in the circumstances and for which
sufficient data are available to measure fair value, maximising the use of relevant observable inputs
and minimising the use of unobservable inputs.
The inputs to valuation techniques used to measure fair value are categorised into the following levels
of fair value hierarchy:-
(i) Level 1 - quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity
can access at the measurement date.
(ii) Level 2 - inputs other than quoted prices included within Level 1 that are observable for the asset
or liability, either directly or indirectly.
(iii) Level 3 - unobservable inputs for the asset or liability.
As at end of the current quarter under review, the carrying amounts of receivables, cash and cash
equivalents and payables which are short-term in nature or repayable on demand are reasonable
approximations of fair values.
The fair value of long term loans are measured using present value technique by discounting the
expected future cash flows using observable current market interest rates for similar liabilities (i.e.
Level 2). The fair values measured are considered to be reasonably close to the carrying amount
reported as the observable current market interest rates also approximate to the effective interest
rates of term loans.
The fair value of forward exchange contracts were quoted by the financial institutions, which normally
measured the fair values using present value technique by discounting the differences between
contractual forward prices and observable current market forward prices using risk-free interest rate
(i.e. Level 2).
There were no transfers between levels of fair value hierarchy during the current quarter under review.
9
B. DISCLOSURE REQUIREMENTS AS SET OUT IN APPENDIX 9B OF BURSA SECURITIES
MAIN MARKET LISTING REQUIREMENTS
B1 Review of performance
INDIVIDUAL/CUMULATIVE QUARTER
Current quarter/ Corresponding
Cumulative period preceding
ended quarter/period ended
31-Mar-19 31-Mar-18 Changes Changes
RM'000 RM'000 RM'000 %
Revenue 88,956 77,312 11,644 15%

Profit before tax 24,925 22,274 2,651 12%
Profit for the financial period 23,616 20,260 3,356 17%
Profit attributable to owners of
the Company 23,616 20,260 3,356 17%
The Group achieved revenue of RM88.96 million for the quarter under review against RM77.31 million in
the corresponding quarter of preceding year, representing an increase of 15%. The increase in revenue
was contributed by the increase of 37% from Automated Board Inspection (ABI) outweighed the decline
of 33% in Machine Vision System (MVS). The increase in ABI was mainly due to higher demand from
widen customer base.
The Group achieved a profit before tax of RM24.93 million against profit before tax of RM22.27 million in
the corresponding quarter of preceding year, representing an increase of 12%. Higher profit before tax
recorded was mainly due to higher revenue achieved from ABI. Accordingly, the Group’s profit after tax is
at RM23.62 million against profit after tax of RM20.26 million in the corresponding preceding quarter.
B2 Variation of results against immediate preceding quarter
Immediate
Current quarter preceding
ended quarter ended
31-Mar-19 31-Dec-18 Changes Changes
RM'000 RM'000 RM'000 %
Revenue 88,956 110,582 (21,626) -20%

Profit before tax 24,925 31,288 (6,363) -20%
Profit for the financial period 23,616 29,446 (5,830) -20%
the Company 23,616 29,446 (5,830) -20%
The Group recorded revenue and profit before tax of RM88.96 million and RM24.93 million respectively
for the current quarter under review against revenue and profit before tax of RM110.58 million and
RM31.29 million respectively for the immediate preceding quarter. Both revenue and profit before tax
have recorded a decrease of 20% respectively. The decrease in revenue was contributed from MVS,
showing a decrease of 55%. As a result, the Group profit before tax is at RM23.62 million against profit
before tax of RM29.45 million in the immediate preceding quarter.
10
MAIN MARKET LISTING REQUIREMENTS (cont’d)
B3 Prospect
The Board is cautiously optimistic on the business prospect for the financial year 2019. The Group will
continue to focus on market expansion activities, customer relationship building and product innovation to
grow our business further in the new financial year. Besides that, the Group has taken steps to minimise
its net monetary assets in order to mitigate the financial impacts arising from currency fluctuation.
B4 Profit forecast, profit guarantee and internal targets

The Group did not provide any profit forecast, profit guarantee and internal targets in any public
document or any announcements made.
B5 Tax expense
Corresponding
31-Mar-19 31-Mar-18 31-Mar-19 31-Mar-18
RM'000 RM'000 RM'000 RM'000
Current tax 1,309 2,014 1,309 2,014
The effective tax rate of the Group for the current financial period is lower than the statutory tax rate of
24%. This was mainly due to tax incentive enjoyed by its wholly-owned subsidiary, ViTrox Technologies
Sdn. Bhd. (“VTSB”).
VTSB has been granted pioneer status by MITI for a period of 5 years to undertake activities relating to
development and production of embedded intelligent robotic inspection system and machine with M2M
connectivity and predictive analytic capability for semiconductor and electronics industries. The incentive
commenced from 17 June 2015 to 16 June 2020 (extendable for further 5 years). With effective from 17
August 2018 until 16 June 2020 (extendable for further 5 years), the pioneer activities have been
extended to its related modules. The current provision of income tax is in respect of certain non-business
income and non-tax exempted income generated from non-pioneer products and services.
B6 Status of corporate proposals announced

There was no corporate proposal announced and not completed as at the date of this report.
B7 Group borrowings
As at As at As at As at
31-Mar-19 31-Mar-19 31-Mar-18 31-Mar-18
RM'000 USD'000 RM'000 USD'000
Term loans - secured

Short-term borrowings 7,010 1,718 2,945 763
Long-term borrowings 47,008 11,519 51,620 13,366

54,018 13,237 54,565 14,129
Exchange rate 4.08 3.86
11
B7 Group borrowings (cont’d)

The decline in the term loan is due to the monthly repayment of term loan.
The effective interest rates of term loans as at current period end was 3.90% as compared to the range
of 3.10% to 4.11% as at corresponding preceding period.
B8 Material litigation
As the date of this announcement, the Group is not engaged in any material litigation and the Board of
Directors do not have any knowledge of any proceedings pending or threatened against the Group.
B9 Dividend
On 28 March 2019, the Company proposed a final exempt dividend of 4.0 sen per share for the financial
year ended 31 December 2018, subject to the members’ approval at the forthcoming Annual General
Meeting.
B10 Earnings per share

Corresponding
31-Mar-19 31-Mar-18 31-Mar-19 31-Mar-18

the Company (RM'000) 23,616 20,260 23,616 20,260
Weighted average number of

shares for computing basis
earnings per share ('000) 470,582 470,176 470,582 470,176
Basic earnings per share (sen) 5.02 4.31 5.02 4.31
Weighted average number of

shares for computing diluted
earnings per share ('000) 471,850 470,865 471,850 470,865
Diluted earnings per share (sen) 5.01 4.30 5.01 4.30
B11 Auditors’ report on preceding annual financial statements

The auditors’ report on the financial statements for the year ended 31 December 2018 was not subject to
any qualification.
12
B12 Profit Before Tax

Corresponding
31-Mar-19 31-Mar-18 31-Mar-19 31-Mar-18
RM'000 RM'000 RM'000 RM'000
Profit before tax is arrived
at after charging/(crediting):-
Amortisation and depreciation 2,232 1,619 2,232 1,619

Fair value (gain)/loss on financial
instruments mandatorily measured
at fair value through profit or loss:-
- realised (33) (311) (33) (311)
- unrealised (207) (1,261) (207) (1,261)
(Gain)/Loss on foreign exchange:-
- realised 1,005 957 1,005 957
- unrealised (116) 1,757 (116) 1,757
Interest expense 559 2 559 2
Inventories written down 5,515 3,542 5,515 3,542
Amortisation of deferred income (410) (428) (410) (428)
Gain on disposal of property, plant and
equipment (404) 0 (404) 0
Impairment gains on financial assets (16) 0 (16) 0
Interest income (1,194) (853) (1,194) (853)
Reversal of inventories written down (5,018) (3,430) (5,018) (3,430)
Save as disclosed above, the other items as required under Appendix 9B, Part A (16) of the Bursa
Securities Main Market Listing Requirements are not applicable.
B13 Authorisation for issue

The interim financial statements are authorised for issue by the Board of Directors on 25 April 2019.
13

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VITROX CORPORATION BERHAD

INTERIM FINANCIAL REPORT

FOR THE FIRST QUARTER

INDIVIDUAL QUARTER CUMULATIVE QUARTER

Revenue 88,956 77,312 88,956 77,312

Other operating income 2,092 1,283 2,092 1,283

Operating expenses (65,477) (56,300) (65,477) (56,300)

Finance costs (559) (2) (559) (2)

Share of associate's loss (87) (19) (87) (19)

Profit before tax B12 24,925 22,274 24,925 22,274

Tax expense B5 (1,309) (2,014) (1,309) (2,014)

Profit for the financial period 23,616 20,260 23,616 20,260

Other comprehensive income:-

Item that may be reclassified

Other comprehensive income

Earnings per share attributable

EQUITY AND LIABILITIES

TOTAL EQUITY AND LIABILITIES 582,190 576,105

Net assets per ordinary share attributable to

Profit for the financ ial period 0 0 0 0 23,616 23,616

Share- based payments 0 0 102 0 0 102

Balance at 31 Marc h 2019 50,750 489 1,001 (176) 385,288 437,352

Profit for the financ ial period 0 0 0 0 20,260 20,260

Share- based payments 0 0 143 0 0 143

Balanc e at 31 Marc h 2018 49,307 277 870 (64) 299,000 349,390

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES

Currency translation differences 101 (471)

Net increase/(decrease) in cash and cash equivalents 16,311 (20,254)

Cash and cash equivalents at beginning of period 148,733 150,572

Cash and cash equivalents at end of period 165,044 130,318

Cash and cash equivalents consist of:-

A1 Basis of preparation of Interim Financial Report

MFRS 16 Leases 1 January 2019

MFRS 17 Insurance Contracts 1 January 2021

A2 Seasonal or cyclical of operations

A4 Material changes in estimates

A5 Debts and equity securities

A8 Material events subsequent to the end of the quarter

A9 Changes in the composition of the Group

A11 Contractual commitments

Purchase of property, plant and equipment 10,986 24,339

A12 Significant related party transactions

A13 Financial instruments

ii) Gains/(Losses) arising from fair value changes of financial liabilities

iii) Fair value

Revenue 88,956 77,312 11,644 15%

B2 Variation of results against immediate preceding quarter

Revenue 88,956 110,582 (21,626) -20%

B4 Profit forecast, profit guarantee and internal targets

Current tax 1,309 2,014 1,309 2,014

B6 Status of corporate proposals announced

Term loans - secured

Long-term borrowings 47,008 11,519 51,620 13,366

Exchange rate 4.08 3.86

B7 Group borrowings (cont’d)

B10 Earnings per share

Profit attributable to owners of