Author: OKA CONCRETE IND SDN. BHD.
Last saved by: Oka Concrete Industries Sdn Bhd

OKA CORPORATION BHD

Additional Information Required by the BMSB’s Listing Requirements

1.	Review of Performance

The Group recorded a slightly lower turnover of RM14.084 million in this quarter as compared to RM14.139 million in the previous year’s corresponding quarter due to stiff competition.

However, profit before tax for the same period decreased from RM2.731 million in the corresponding quarter last year to RM0.598 million this quarter due to lower gross profit margin. Gross profit margin has decreased as a result of lower selling prices due to stiff competition and higher operating costs incurred. 

2.	Variation of Results Against Preceding Quarter

Turnover for the current quarter is 1.4% higher than the preceding quarter. 

The profit after tax for the quarter under review is RM0.403 million as compared to the preceding quarter profit of RM0.305 million representing a increase of 32%. This is mainly due to savings from cost control of operating expenses.
 
3.	Current Year Prospects

The Directors expect that the Group’s performance would be affected by the increase of raw material and fuel prices for the current financial year.

4.	Profit Forecast

Not applicable for the current quarter as no profit forecast was published. 

OKA CORPORATION BHD

Additional Information Required by the BMSB’s Listing Requirements

5.	Tax Expense

| 3 months | 3 months
| 30-June | 30-June
| 2005 | 2004
| RM’000 | RM’000
Current tax expense | 195 | 782

                 The Group’s effective tax rate is lower than the prima facie tax rate due to the       availability of the reinvestment allowance claimed by one of its subsidiaries.

6.         Quoted Investments

| 3 months | 3 months
| 30-Jun | 30-Jun
| 2005 | 2004
| RM’000 | RM’000
Purchase of quoted securities | - | -
| As at 30 Jun 2005 | As at 30 Jun 2004
| Book value | Market Value | Book value | Market Value
| RM’000 | RM’000 | RM’000 | RM’000
Total quoted investments | 4 | 3 | 4 | 5

7.         Status of Corporate Proposals

            There were no corporate proposals announced but not completed as at the date of this report.

OKA CORPORATION BHD

Additional Information Required by the BMSB’s Listing Requirements

8.	      Utilization of Listing Proceeds 
	
The listing proceeds have been fully utilized as follows:-
                                                                                            RM’000                  

Acquisition of land & construction costs of factories          11,209

Purchase of plant & machineries                          	5,244                 	

Payment of listing expenses                               	1,411                   

Working capital for the group	4,817

Automation & Upgrading of existing factory	4,088

26,769

       9.      Borrowings 

                  There were no borrowings as at 30 June 2005.

     10.      Off Balance Sheet Financial Instruments

There were no financial instruments with off balance sheet risks as at the date of this report.

OKA CORPORATION BHD

Additional Information Required by the BMSB’s Listing Requirements
________________________________________________________________________

11.	Dividends

No interim dividend has been declared for the current financial period to date.	

     12.      Changes in Material Litigation

No material litigation for the period under review.  

     13.       Earnings Per Share

Basic Earnings Per Share

Current Year Quarter
30/06/2005
    ’000

Current Year
To Date
31/06/2005
   ’000

Net profit attributable to ordinary shareholders(RM) | 403 | 403
Number of ordinary shares issued | 60,021 | 60,021
Weighted average number of ordinary shares issued | 60,021 | 60,021
Basic Earnings Per Share (sen) | 0.67 | 0.67

OKA CORPORATION BHD

Additional Information Required by the BMSB’s Listing Requirements
________________________________________________________________________

Fully Diluted
Earnings Per Share

Current Year Quarter
30/06/2005
    ’000

Current Year
To Date
30/06/2005
   ’000

Net profit attributable to ordinary shareholders(RM) | 403 | 403
Weighted average number of ordinary shares issued | 60,021 | 60,021
Adjustment for share options | 23 | 23
Adjusted number of ordinary shares issued | 60,044 | 60,044
Fully Diluted Earnings Per Share (sen) | 0.67 | 0.67