1.	Basis of Preparation

The interim financial report is unaudited and has been prepared in accordance with the requirements of Financial Reporting Standard (FRS) 134 - Interim Financial Reporting and Paragraph 9.22 of the Listing Requirements of Bursa Malaysia Securities Berhad (“BMSB”). The interim financial report should be read in conjunction with the audited financial statements of the Group for the financial year ended 31 March 2007.

The accounting policies and methods of computation used in the preparation of the interim financial report are consistent with those adopted in the audited financial statements for the financial year ended 31 March 2007, except for the adoption of the following new and revised FRSs effective for the financial period beginning on or after 1 October 2006:
FRS 117	Leases	
FRS 124	Related Party Disclosures	

The adoption of FRS 124 does not result in significant changes in the accounting policy of the Group. 
The adoption of the revised FRS 117 has resulted in a retrospective change in the accounting policy relating to the classification of leasehold land and the comparative amounts in the balance sheet have been restated. Prior to 1 April 2007, leasehold land was classified as property, plant and equipment and was stated at cost less accumulated depreciation. FRS 117 requires the unamortized carrying amount of leasehold land to be accounted for as Prepaid Lease Payments and amortised over the period of its remaining lease term. 
The following comparative amounts have been restated due to the adoption of new/revised FRS:

	As Previously
Stated	Effects of
Restatement	
As Restated	
	RM’000	RM’000	RM’000	
Property, plant and equipment	36,281	(878)	35,403	
Prepaid lease payments	-	878	878	

2.	 Audit Report

The preceding year’s audited financial statements were not subject to any audit qualification.

3.	   Seasonal or Cyclical Factors

Apart from the traditional variations in the level of business activities, the       Group’s activities are not affected by any seasonal or cyclical factors in the first quarter ended 30 June 2007.

4.	Unusual Items

There were no unusual items that affected the assets, liabilities, equity, net income or cash flows for the first quarter ended 30 June 2007.

5.	Material Changes in Estimates 

There were no material changes in the estimates used in the current quarter compared to the estimates used in the previous financial year, which have a material effect in the current quarter or the financial year to date.

6.	Dividend paid

No interim dividend was declared or paid for the quarter under review. 

7.	Segment Reporting

No segmental reporting by industry and geographical segment is required as the Group’s activities are primarily in one industry segment of manufacturing and trading of concrete products, and is principally conducted in Malaysia.

8.	Property, Plant and Equipment

The Group did not carry out any revaluation on its property, plant and equipment in the financial year to date. The valuations of land and buildings have been brought forward, without amendment from the previous annual report.

9.	Events Subsequent to the Balance Sheet Date 

There were no material events subsequent to the end of the quarter that have not been reflected in the financial statements.

10.	Effect of Changes in Composition of the Group

There were no changes in composition of the Group for the current financial year to date.

11.	Contingent Liabilities And Contingent Assets

The contingent liabilities represent corporate guarantees totaling RM27,550,000 (2007: RM27,550,000) in respect of bank and trade facilities granted to a subsidiary.

The amount of bank and trade facilities utilized which were secured by corporate guarantees as at 30 June 2007:
	RM’000	
Trade balance outstanding	1,604	
		
Short term borrowings – Bankers’ Acceptances 	1,514	

There were no contingent assets at the date of this quarterly report.

12.	Trade and Other Receivables

Included in trade and other receivables is an amount of RM2,913,429 being tax instalments prepaid by the Group to Inland Revenue Department.

13.	Capital Commitments

                                                                                                          	30 June 2007	
	RM’000	
Approved and contracted for 		
   landed properties	27	
		
	27	

14.	Debt and Equity Securities

There is no issuance of debt and equity securities for the current financial period to date.