1.	Review of Performance

The Group recorded a higher revenue of RM43.97 million for the financial period ended 31 December 2005, representing an increase of 5.8% over the corresponding period of the previous year of RM41.56. 

However, despite the increase in revenue, profit before tax for the period under review has decreased from RM6.97 million in the preceding year corresponding period to RM3.47 million, mainly due to higher raw material and transportation costs.

2.	Variation of Results Against Preceding Quarter

The Group posted a revenue of RM14.48 million for the current quarter, a decrease of 6% as compared to RM15.41 million in the preceding quarter. 

The profit before tax for the quarter under review is RM0.88 million as compared to the preceding quarter of RM2 million. This is mainly due to lower profit margin as a result of lower sales of special products and higher administrative costs.

 
3.	Current Year Prospects

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

4.	Profit Forecast

Not applicable for the current financial year to date as no profit forecast was published. 

5.	Tax Expense

	Current Year Quarter	Current Year to date	
	31-December 2005	31-December 2005	
	RM’000	RM’000	
Current year tax expense	56	722	
(Over)/Under provision in respect of 
prior year	
-	
(105)	
			
	56	617	

                 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

	Year to date	Year to date	
	31-December 2005	31-December 2004	
	RM’000	RM’000	
Purchase of quoted securities	               -	                  -	
	
	As at 31 December 2005	As at 31 December 2004	
	Book 
value	Market
 Value	Book 
value	Market Value	
	RM’000	RM’000	RM’000	RM’000	
Total quoted investments	4	2	4	4	

7.         Status of Corporate Proposals

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

8.		Borrowings 

         There were no borrowings as at 31 December 2005.

9.      Off Balance Sheet Financial Instruments

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

10.	Dividends

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

 11.    Changes in Material Litigation

No material litigation for the period under review.  

12.    Earnings Per Share

Basic Earnings Per Share
	
Current Year Quarter
31/12/2005
    ’000	          Current Year
To Date
31/12/2005
   ’000	
Net profit attributable to ordinary shareholders(RM)

821	
                 
2,856	
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)	
                   1.37	
                   4.76

________________________________________________________________________

Fully Diluted Earnings Per Share

The assumed conversion of the options under the Executive’s Share Option Scheme (ESOS) would be anti-dilutive as the exercise price of the ESOS of the Company is higher than the average market price of the share. Hence the basic and fully diluted earning per share are the same.