1.	Review of Performance

The Group achieved a higher revenue of RM16.08 million in this quarter, representing an increase of 11.08% over the previous year’s corresponding quarter of RM14.48 million. 

However, the Group registered a lower profit before tax of RM0.47 million for the current quarter as compared to RM0.88 million for the corresponding quarter of the preceding year, mainly due to lower gross profit margin arising from higher operating costs incurred as a result of the increase in steel price and government controlled price for cement.

2.	Variation of Results Against Preceding Quarter

The Group’s revenue for the quarter under review was reduced by 7.55% to RM16.08 million, as compared to RM17.40 million in the preceding quarter. 

Despite lower revenue, the Group registered a profit before tax of RM0.47 million for the current quarter as compared to a loss before tax of RM0.63 million in the preceding quarter, mainly due to the increase in sales of special design products and cost saving measures implemented.

3.	Current Year Prospects

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

4.	Profit Forecast

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

5.	Tax Expense

	Current Year Quarter 
31 December 2006	Current Year to date
31 December 2006	
	RM’000	RM’000	
Tax expense			
Current year tax expense 	  (1)	118	
  Over provision in respect of prior year	(19)	    (76)	
	(20)	    42	

No provision for income tax expense is required for the current quarter due to overprovision of income tax expense for the last two quarters.

The Group’s tax charge for the financial year to-date relates to the profits of certain subsidiaries which cannot offset against losses or tax allowances of other subsidiaries for tax purposes.

6.         Quoted Investments

	As at 31 December 2006
	As at 31 December 2005
	
	Book 
value	Market
 Value	Book 
value	Market Value	
	RM’000	RM’000	RM’000	RM’000	
Total quoted investments	4	2	4	3	

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 December 2006 is as follow:
	RM’000	
Bankers’ acceptances – Unsecured	1,754	

	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

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  Quarter
31/12/2006	Unaudited
Current Year
To Date
31/12/2006	
Net profit attributable to ordinary equity holders of the parent (RM’000)
	
494	
83	
Number of ordinary shares issued (‘000)
	60,021	60,021	
Weighted average number of ordinary shares issued (‘000)
	60,021	60,021	
Basic Earnings Per Share (sen)	0.82	0.14	

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.