1.	Review of Performance

The Group recorded higher revenue of RM14.50 million for the current quarter, representing an increase of 4.3% over the corresponding quarter of the preceding year of RM13.90 million. 

Corresponding, the Group registered a profit before tax of RM0.25 million for the current quarter as compared to a loss before tax of RM0.26 million for the corresponding quarter of the preceding year. The aforesaid results for the quarter under review were mainly due to cost saving measure taken that had led to reduction of production cost.

2.	Variation of Results Against Preceding Quarter

Revenue of the Group has increased slightly from RM14.48 million in the preceding quarter to RM14.50 million this quarter. Profit before tax has decreased from RM0.88 million in the preceding quarter to RM0.25 million in the current quarter. This is mainly due to lower profit margin as a result of higher transportation costs.

 
3.	Forthcoming Year Prospects

The Directors expect that the Group’s performance would be affected by the increase of raw material costs especially cement, steel, fuel prices and electricity tariff for the forthcoming financial year.

4.	Profit Forecast

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

5.	Tax Expense

	Unaudited
31 March 2006	
31 March 2005	
	RM’000	RM’000	
Tax expense			
- Current year 
- Overprovision of tax in respect of prior years
	800
(105)
	692
(127)	
Deferred taxation	106	241	
	801	806	

                 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

	Unaudited
As at 31 March 2006	
As at 31 March 2005	
	Book 
value	Market
 Value	Book 
value	Market Value	
	RM’000	RM’000	RM’000	RM’000	
Total quoted investments	4	3	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 

         The Group’s short term borrowings as at 31 March 2006 is as follow:
	RM’000	
Bankers’ acceptances - Secured	720	

	The above borrowings are denominated in local currency.

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

The Board of Directors propose a first and final dividend of 3 sen less tax (2005: 4 sen less tax) per share amounting to RM1,296,454 for the current financial year subject to shareholders’ approval at the forthcoming annual general meeting.	

 11.    Changes in Material Litigation

No material litigation for the period under review.  

12.	Earnings Per Share

Basic Earnings Per Share
	
Current  Quarter
31/03/2006
’000	Unaudited
Current Year
To Date
31/03/2006
’000	
Net profit attributable to ordinary shareholders(RM)
	
63	
2,919	
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)	0.10	4.86	

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.