PART A: EXPLANATORY NOTES AS PER MASB 26

A1.	Basis of preparation of interim financial reports

These interim financial statements are prepared in accordance with the Malaysian Accounting Standards Board (“MASB”) Standard No.26 “Interim Financial Reporting” and paragraph 9.22 of the Bursa Malaysia Securities Berhad (“Bursa Malaysia”)’s Listing Requirements and should be read in conjunction with the Company’s annual financial statements for the year ended 31st December 2003.

The accounting policies and presentation adopted for the interim financial statements are consistent with those adopted in the annual financial statements for the year ended 31st December 2003.

A2.	Qualification of financial statements

The preceding year annual financial statements were not subject to any qualification.

A3.	Seasonal and cyclical factors 

The group’s results were not materially affected by any major seasonal or cyclical factors.
	
A4.	Unusual and extraordinary items 

There were no exceptional and/or extraordinary items affecting assets, liabilities, equity, net income or cash during the current quarter under review.

A5.	Material changes in estimates

There were no material changes in estimates of amount reported in the current quarter under review.

A6.	Issuance and repayment of debt and equity securities	

Save as disclosed below, there were no issuances, cancellations, share buy-backs, resale of shares bought back and repayment of debt and equity securities:

During the nine-month period ended 30th September 2004, the authorised share capital of the Company was subdivided from 200,000,000 ordinary shares of RM0.50 each to 1,000,000,000 ordinary shares of RM0.10 each.

Apart from that, the Company amended its By-Laws and Articles in relation to Employees’ Share Option Scheme (“ESOS”) to align with the amendments to the Listing Requirements of Bursa Malaysia.  With the amendment, the maximum percentage of shares that may be issued under ESOS had been increased from 10% to 15% of the issued share capital of the Company.

During the nine-month period ended 30th September 2004, the issued and paid-up share capital of the Company was increased from 100,000,000 ordinary shares of RM0.50 each to 893,849,400 ordinary shares of RM0.10 each by the issuance of:

(i)	10,000,000 new ordinary shares of RM0.50 each of the Company pursuant to the Private Placement on 19th January 2004 at the issue price of RM12.50 per share; 

(ii)	1,099,800 new ordinary shares of RM0.50 each pursuant to the exercise of options granted under the ESOS at the option price of RM1.38 per share; 

A6.	Issuance and repayment of debt and equity securities (cont’d)

(iii)	66,659,880 new ordinary shares pursuant to the completion of the bonus issue, on the basis of 3 new ordinary shares for every 5 existing ordinary shares; 
 
(iv)	Subdivision of the enlarged issued and paid-up share capital of 177,759,680 ordinary shares of RM0.50 each into 888,798,400 ordinary shares of RM0.10 each on the basis of 5 new ordinary shares of RM0.10 each for every 1 ordinary share of RM0.50 each; and

(v)	5,051,000 new ordinary shares of RM0.10 each pursuant to the exercise of options granted under the ESOS at the option price of RM0.17 per share.
	
A7.	Dividends Paid	

The final dividend of 3%, less income tax of 28%, amounting to RM1,921,375 in respect of the financial year ended 31st December 2003 was paid on 30th August 2004.

A8.	Segmental information 

	3rd Quarter ended		Nine-month ended	
	30 Sep 2004		30 Sep 2004	

	Division	
Revenue	Profit 
before tax		
	Revenue	Profit / (Loss) 
before tax	
	RM`000		RM`000		RM`000	RM`000	
	Oil & Gas	193,283	24,037		340,943	45,230	
	Transportation Engineering	15,078	327		33,482	(7)	
	Marine Transportation	2,960	1,454		3,353	1,575	
	Investment Holding	7,798	5,319		11,725	6,715	
	219,119	31,137		389,503	53,513	
	Inter-segment elimination	(7,970)	(5,934)		(12,253)	(6,465)	
	Total	211,149	25,203		377,250	47,048	

	3rd Quarter ended		Nine-month ended	
	30 Sep 2003		30 Sep 2003	

	Division	
Revenue	Profit
before tax		
	Revenue	Profit
before tax	
	RM`000	RM`000		RM`000	RM`000	
	Oil & Gas	44,143	5,368	     	78,914	10,955	
	Transportation Engineering	10,054	1,086		25,625	1,271	
	Marine Transportation	-   	-   		-   	-   	
	Investment Holding	1,148 	938 		1,148	881 	
	55,345	7,392		105,687	13,107	
	Inter-segment elimination	(1,300)	(1,300)		(1,320)	(1,300) 	
	Total	54,045	6,092		104,367	11,807	

Marine Transportation’s business operation commenced only in June 2004, hence there is no comparative figure.

A9.	Valuation of property, plant and equipment

There is no revaluation of property, plant and equipment as the group does not adopt a revaluation policy on property, plant and equipment.

A10.	Material events subsequent to the balance sheet date    

There was no material event subsequent to the balance sheet date that has not been reflected in this condensed financial statement except as disclosed in Note A11 (a) below.

A11.  	Changes in composition of the group

(a)	OilServe Marine Sdn Bhd (formerly known as Wira Kukuh Sdn Bhd)

On 2nd January 2004, the Company acquired a total of 60,000 ordinary shares of RM1.00 each representing 60% of the issued and paid-up share capital of OilServe Marine Sdn Bhd (“OilServe Marine”) as follows:-

(i)	acquisition by way of transfer of 2 ordinary shares of RM1.00 each at the price of RM1.00 per share; and

(ii)	subscription for 59,998 ordinary shares of RM1.00 each at an issue price of RM1.00 per share.

With the acquisition, OilServe Marine became a subsidiary of the Company.  The remaining 40,000 ordinary shares representing 40% of the issued and paid-up share capital of OilServe Marine was subscribed for by SapuraCrest Petroleum Berhad (formerly known as Crest Petroleum Berhad) on 2nd January 2004.

On 28th October 2004, the authorised capital of OilServe Marine was increased from RM100,000 to RM5,000,000 by the creation of 4,900,000 ordinary shares of RM1.00 each.

Accordingly, the issued and paid-up share capital of OilServe Marine was increased from RM100,000 to RM2,000,000 by the creation of 1,900,000 ordinary shares of RM1.00 each at par to the following allottees: -
	No. of shares
Scomi Group Bhd	1,140,000
SapuraCrest Petroleum Berhad 	760,000
	(formerly known as Crest Petroleum Berhad)	
		--------------
		1,900,000
		=======

OilServe Marine was incorporated on 3rd December 2003.  Its principal activity is the provision of marine vessels transportation services to the oil and gas industry.  OilServe Marine commenced its operation on 8th June 2004.

(b)	OilServe (L) Berhad

The Company’s 60%-owned subsidiary, OilServe Marine, had, on 13th January 2004, incorporated OilServe (L) Berhad (“OilServe (L)”), an offshore company in Labuan. Therefore the group’s effective interest in OilServe (L) is 60%.  

OilServe (L)’s principal activity is the leasing of marine vessels.   It commenced its operation on 8th June 2004.

A11.  	Changes in composition of the group (cont’d)

(c)	Oiltools International Limited	

The Company had, on 1st July 2004, acquired 70.9% equity interest of Oiltools International Limited (“Oiltools”) via its wholly-owned subsidiary, Kota Minerals & Chemicals Sdn Bhd (“KMC”), for a total cash consideration of USD77,383,443 (approximately RM294 million).   On 4th August 2004, KMC acquired another 6.8% equity interest in Oiltools for a total cash consideration of USD5,769,259 (RM21.9 million).   

The group’s effective interest in Oiltools as at 30th September 2004 is 77.7%.

(d)	KMC Oiltools (S) Pte. Ltd.	

Oiltools had on 21st October 2004 subscribed for 2 ordinary shares of SGD1.00 each representing the entire issued and paid-up share capital in KMC Oiltools (S) Pte. Ltd. (“KMCOPL”), a private company limited by shares in Singapore.

KMCOPL was incorporated in Singapore on 21st October 2004 and has an authorised share capital of SGD2,000,000 divided into 2,000,000 ordinary shares of SGD1.00 each, of which 2 ordinary shares are issued and fully paid-up.   

KMCOPL is intended to be involved principally in the provision of drilling fluids, drilling waste management and other associated services to the oil and gas industry and the distribution of third party equipment and products.

Except for the above, there were no changes in the composition of the group during the quarter under review.

A12.   	Contingent liabilities

Details of contingent liabilities of the group as at 30th September 2004 are as follows: -

	RM`000	
	Guarantees relating to borrowings of associates	65	
	Guarantees relating to borrowings of jointly controlled entity		6,954	
	Guarantee given to third party in respect of credit arrangement 			provided to a subsidiary	50	
	Various legal claims of subsidiaries	433	
	Total	7,502	

A13.	Capital commitments 

Authorised capital commitments not provided for in the financial statements as at 30th September 2004.

	Approved and contracted for
RM`000		Approved but not contracted for
RM`000	
	Acquisition of shares in Oiltools (Put and Call Option)				
	-   Derrick Acquisition 	54,267		-   	
	-   Pianca Acquisition	49,400		-   	
	Property	-   		4,239	
	Vessels	-   		69,160	
	Plant and Machinery 	18,126		4,447	
	Office Equipment, Furniture and Fittings	188		611	
	Motor Vehicles	2,217		1,436	
	Total	124,198		79,893	

A14.	Significant related party transactions

There were no significant related party transactions entered into during the quarter under review. 

PART B:	ADDITIONAL INFORMATION REQUIRED BY THE BURSA MALAYSIA SECURITIES BERHAD’S LISTING REQUIREMENTS

B1.	Review of performance for the nine-month period ended 30th September 2004
	
B1 should be read in conjunction with A8 above.

The group recorded revenue of RM377.3 million for the nine-month period ended 30th September 2004 with approximately 90% of the revenue contributed by Oil & Gas Division.   The Oil & Gas Division had benefited from the increase in exploration, development and production activities in the oil and gas industry.

The group achieved a net profit of RM40.1 million for the nine-month period ended 30th September 2004 with approximately 97% of the profits contributed by Oil & Gas Division.

The acquisition of 77.7% interest in Oiltools International Limited (“Oiltools”) contributed positively to the increase in the group’s revenue and profits.  Although only one quarter of Oiltools’ results was consolidated, approximately 32% and 20% of the group’s revenue and profits, respectively, were contributed by Oiltools.

The drilling fluids unit within the Oil & Gas Division had succeeded in securing new businesses during the 9-month period, namely the supply of drilling fluids to Murphy Oil Sarawak as well as international business activities.  The unit had also seen an increase in its international operations, namely in Sudan, Myanmar and Indonesia and had participated in various tenders internationally together with the newly acquired drilling waste management unit (a unit of Oiltools).   

The business of tank rental and mud treatment facilities services had also contributed positively to the group’s performance during the period under review. 

Transportation Engineering Division’s performance was generally affected by the eroding GP margin caused by the increase in Euro dollar and raw material costs, namely mild steel, stainless steel and aluminium.   These had affected the pricing structure of the division’s products and services. Furthermore, the inability to realise certain projected contracts had also led to the under-achievement of the business unit’s performance. 

This is the second quarter since Marine Transportation Division commenced its operation in June 2004.  With the acquisition and chartering of two vessels, the division’s turnover and profit after tax for the period under review had gone up by more than 100%.

B2.	Variation of results against preceding quarter 

B2 should be read in conjunction with A8 above.

The group’s turnover for the current quarter was RM211.1 million (2Q 2004: RM92.7 million).   The group’s net profit was RM23.3 million (2Q 2004: RM9.3 million).

With the acquisition of Oiltools during the quarter under review, there was an increase of 128% in group turnover compared with the preceding quarter with Oiltools contribution to turnover and net profit stood at 59% and 43%, respectively.  The turnover contribution by Oil & Gas Division and Transportation Engineering Division was 92% and 7%, respectively.

With the increase in group turnover, net profit for the group also increased accordingly by 151% compared with the preceding quarter with Oil & Gas Division contributing approximately 97% to the group’s net profit.

B2.	Variation of results against preceding quarter (cont’d)

Oil & Gas Division continued to register good performance in its turnover with an increase of 138% compared with the preceding quarter of RM81.4 million mainly due to the contribution from Oiltools.

Despite the increase in turnover for Transportation Engineering Division by 35% compared with the preceding quarter of RM11.1 million, profit after tax had gone down by 71%, as the margin earned was insufficient to cover the fixed costs incurred, due mainly to the low margin product, i.e. mild steel box van body and refuse compactors, as opposed to the high margin products sold in the preceding quarter, e.g. aircraft refueller.

Finally, with the acquisition and chartering of another vessel during the quarter under review, the Marine Transportation Division’s turnover and profit after tax had gone up by more than 100% compared with the preceding quarter.   The division commenced its operation in June 2004, therefore minimal contribution was recorded from the division in the preceding quarter.

B3.	Current year prospects 

Oil & Gas Division
The acquisition of Oiltools was completed on 1st July and 4th August 2004 for the first and second tranche, respectively.  As of date of review, the group has an effective interest of 77.7% in Oiltools.  

The principal activity of Oiltools is the supply and manufacture of equipment and provision of services to the oilfield industry.   One of the core business activities of Oiltools which is the provision of drilling waste management services complements the business activities of KMC, which is principally involved in the selling of drilling fluids, chemical products and the provision of drilling fluids engineering services.  

The integration of these two business areas enables not only the cross-selling of integrated products and services but also introducing new packaged services.  These shall provide the impetus for growth of the group.

The overall outlook for the Oil & Gas Division is encouraging, and the continuing healthy development in oil and gas industry in both the domestic and overseas markets should help the division to see further growth in the last quarter of 2004.  

Marine Transportation Division
With the formation of a joint venture with SapuraCrest Petroleum Berhad (formerly known as Crest Petroleum Berhad), the business unit plans to expand the fleet of vessels from the present two units to a target of four units by end of 2004.   Currently the business unit is actively participating in various bids and tenders.  

Transportation Engineering Division
This division expects to deliver various projects for overseas market.

The division is also actively participating in various bids and tenders to secure firm book order for the next few years.

B4.	Variance of actual and profit forecast / profit guarantee 

The group has not provided any quarterly profit forecast and there is no profit guarantee issued by the group or the Company. 

B5.	Taxation 
		
< --- Individual Quarter --- >		
< --- Cumulative Quarter ---- >	
	
Current Year Quarter	
Preceding Year Quarter	
	
Current Year To Date	Preceding Year Corresponding Period	
	30 Sep 2004
RM`000	30 Sep 2003
RM`000		30 Sep 2004
RM`000	30 Sep 2003
RM`000	
	Income Tax	3,506	1,635   	     	8,498	3,375 	
	Overprovision in respect of 		previous quarters	(4,027)	
-   		(4,027)	-   	
	(521)	1,635		4,471	3,375	

A reconciliation of income tax expense applicable to profit before taxation at the statutory income tax rate to income tax expense at the effective income tax rate of the Group is as follows: -
	
		< --- Individual Quarter --- >		< --- Cumulative Quarter ---- >	
	
Current Year Quarter	
Preceding Year Quarter	
	
Current Year To Date	Preceding Year Corresponding Period	
	30 Sep 2004
%	30 Sep 2003
%		30 Sep 2004
%	30 Sep 2003
%	
	Malaysian statutory tax rate 	28.0	28.0		28.0	28.0	
	Tax effects of:						
	-	income not subject  to tax	(1.1)	(1.2)		(2.8)	-   	
	-	different tax rates in other 		countries	(3.3)	-   		(1.9)	-   	
	-	overprovision in respect of 		previous quarters	(25.7)	-   		(13.8) 	-   	
	-	expenses not deductible for 		tax purposes	-   	-   		-   	0.6	
	Effective tax rate 	(2.1)	26.8		9.5	28.6	

B6.	Unquoted investments and/or properties 

For unquoted investment during the quarter under review, please refer to A11 (c) for details.

B7.	Quoted and marketable investments 

Details of investments in quoted securities as at the reporting date are as follows:

	RM`000	
	Total investments at cost	3,014	
	Total investments at market value	3,014	

B8. 	Status of corporate proposal
  
a)	Private Placement

The Private Placement of 10,000,000 new ordinary shares of RM0.50 each of the Company was issued on 19th January 2004 and granted listing and quotation on the Second Board of the Bursa Malaysia with effect from 27th January 2004.

The status of utilisation of the proceeds raised from the Private Placement exercise is as follows:

	RM ‘000
Gross proceeds	125,000
Share issue expenses		(1,913)
Working capital		(103,841)
Advances given to OilServe Marine		(5,722)	**
			________
		13,524
			======

** 	Pending capitalisation into share capital as approved by Securities Commission on 10th May 2004 for a change in the utilisation of proceeds arising from the Private Placement. 

b)	Bonus Issue and Share Split

The shares issued pursuant to the Bonus Issue were allotted on 30th April 2004 and the Share Split was implemented immediately thereafter.  

The issuance of up to 66,659,880 new ordinary shares of RM0.50 each in the Company pursuant to the Bonus Issue was credited as fully paid-up by the Company on the basis of 3 new ordinary shares for every 5 existing ordinary shares.

Subsequently, the enlarged issued and paid-up share capital of 177,759,680 ordinary shares of RM0.50 each was sub-divided into 888,798,400 ordinary shares of RM0.10 each on the basis of 5 new ordinary shares of RM0.10 each for every 1 ordinary share of RM0.50 each.

c)	Transfer of Listing Status

The Company had, on 13th May 2004, transferred the listing of and quotation for its entire enlarged issued and paid-up share capital comprising 888,798,400 ordinary shares of RM0.10 each from the Second Board to the Main Board of Bursa Malaysia after the completion of the Bonus Iss
ue and Share Split.

d)	Acquisition of Oiltools International Limited 

On 5th November 2003, the Company entered into the Sale and Purchase Agreements for the acquisition of Oiltools from 3i Group PLC, 3i Parallel Venture LP, 3i UKIP II LP (“collectively known as 3i Vendors”), Parallel Ventures Managers Limited, Pall Corporation, Pall Netherlands B.V. (“collectively known as Pall Vendors”).  These acquisitions are collectively known as the 3i and Pall Acquisitions.

On 20th January 2004, the Bermuda Monetary Authority approved the transfer of shares in Oiltools to KMC, a wholly owned subsidiary of the Company, the granting to the Company of options over the shares in Oiltools and subsequent transfer to KMC, upon the exercise of the options of shares in Oiltools. 

B8. 	Status of corporate proposal (cont’d)

On 30th January 2004, the Company entered into conditional put and call option agreements with Derrick Corporation and Mr Christopher Pianca, respectively, to acquire the entire shareholdings of Derrick (“Derrick Acquisition”) and Mr Christopher Pianca (“Pianca Acquisition”) in Oiltools.

Apart from that, the Company also entered into a conditional sale and purchase agreement with Lazerich International Holdings Limited on 30th January 2004 (“Lazerich Acquisition”) to acquire Lazerich’s entire shareholdings in Oiltools.

On 30th January 2004, the Company, KMC, Mr Christopher Pianca and Derrick Corporation also entered into a conditional Shareholders’ Agreement for the purpose of outlining the rights of the respective shareholders and the management of Oiltools.

The expiry date for the 3i and Pall Acquisitions was on 1st April 2004, whereas the completion date for the Derrick Acquisition, Pianca Acquisition and Lazerich Acquisition is on 1st September 2004.   The Company had obtained agreement from 3i Vendors and Pall Vendors to extend the time to complete the 3i and Pall Acquisitions.

The Company had, on 6th April 2004, entered into the following agreements:

(i) 	3i Extension Agreement with the 3i Vendors;
(ii) 	Pall Extension Agreement with the Pall Vendors; and
(iii) 	Put and Call Option Amendment Agreement with Derrick.
The time required to fulfil all conditions precedent to completion of the 3i and Pall Acquisitions had been extended from 1st April 2004 to 1st July 2004 and the time required by Derrick to fulfill the conditions precedent to completion of the Derrick Acquisition had been extended from 1st September 2004 to 1st July 2007.

The 3i and Pall Acquisitions were approved by Securities Commission on 5th May 2004 and the acquisition was completed on 1st July 2004 as mentioned in A11 (c).

Whereas the Derrick Acquisition, Pianca Acquisition and Lazerich Acquisition were approved by Securities Commission on 20th July 2004.  On 4th August 2004, KMC had completed the Lazerich Acquisition with Derrick Acquisition and Pianca Acquisition being partially completed as mentioned in A11 (c).

Therefore, the group’s effective interest in Oiltools is 77.7% as of date of review.

e)	Proposed Disposal of Subsidiaries

On 22nd March 2004, the Company entered into a conditional share sale agreement (“SSA”) with Prestar to dispose of its entire equity interest in Scomi Sdn Bhd (“SSB”) comprising 9,281,762 ordinary shares of RM1.00 each in SSB to Prestar and its entire equity interest in Scomi Transportation Solutions Sdn Bhd (“SCOTS”) comprising 500,000 ordinary shares of RM1.00 each in SCOTS to Prestar for a total consideration of RM42,500,000 to be satisfied by way of issuance of 28,333,333 new ordinary shares of RM1.00 each in Prestar (“Prestar Shares”) at an issue price of RM1.50 per share (“the Proposed Disposal”).

The Company is proposing to offer the Prestar Shares to the shareholders of the Company after the completion of the Proposed Disposal at a proposed offer price of RM1.35 per offer share (“Proposed OFS”). 

On 8th September 2004, the Company and Prestar had mutually agreed to terminate the SSA in relation to the Proposed Disposal.   As a consequence, the Proposed OFS is also aborted.

B8. 	Status of corporate proposal (cont’d)

f)	Proposed Issuance of USD100 million Nominal Value of 5-Year Unsecured Guaranteed Redeemable Convertible Bonds

On 27th October 2004, the Company proposed to issue up to USD100 million nominal value of 5-year convertible bonds ("CB") convertible into new ordinary shares of RM0.10 each, through special purpose vehicle, which would be a wholly-owned subsidiary of the Company to be incorporated in the Federal Territory of Labuan ("SCOMI-SPV") ("Proposed CB Issue").

The CB will be offered to non-residents of Malaysia (as defined under the Labuan Trust Companies Act, 1990) outside the United States in accordance with Regulation S of the United States Securities Act, 1933, by or on behalf of SCOMI-SPV.

The Proposed CB Issue will enable the Company to raise funds for its working capital and other general corporate purposes, which may include acquisitions of movable assets and/or businesses for the expansion of the core business of Scomi Group and/or repayment of its borrowings.

The Proposed CB Issue is subject to the Company securing the necessary approvals.
 
B9.	Group borrowings

The group borrowings as at the end of the reporting period are as follows:

	RM`000	
	Short term borrowings	61,380	
	Long term borrowings	453,289	
	Total	514,669	

The group borrowings are denominated in the following currencies:

	RM`000	
	Ringgit Malaysia	35,126	
	US Dollar	479,543	
	Total	514,669	

B10.	Off balance sheet financial instruments 

Save as disclosed below, there was no off balance sheet financial instruments as at the date of this report: -
	Notional amount as at 18 Oct 2004 RM`000	
	Interest rate swap agreements		
	-	more than 1 year but less than 5 years	95,000	

The overseas subsidiaries’ hedging policy would aim to hedge up to 50% - 100% of its floating-rate liabilities into fixed rate liabilities by the use of various instruments including interest rate swaps, interest rate options etc, for duration generally not exceeding five years. The actual quantum of floating rate liability hedged would depend on the overseas subsidiaries’ view of the general trend on US Dollar interest rate.

There is no significant credit posed by the above off balance financial instruments.

B10.	Off balance sheet financial instruments (cont’d)

Overseas subsidiaries proactively manage their overall interest rate risks.  Interest expenses in respect of the notional amount borrowed for the interest rate swap transactions is recognised in the income statement on an accrual basis.

B11.	Changes in material litigation 

Neither the Company nor any of its subsidiaries is engaged in any litigation or arbitration, either as plaintiff or defendant, which has a material effect on the financial position of the Company or any of its subsidiaries and the Board does not know of any proceedings pending or threatened, or of any fact likely to give rise to any proceedings, which might materially and adversely affect the position or business of the Company or any of its subsidiaries. 

B12.	Dividends 

On 1st November 2004, the Company paid an interim dividend of 3%, less income tax of 28% (2003: 3% less income tax of 28%), amounting to RM1,930,732 in respect of the financial year ending 31 December 2004 to the shareholders of the Company who are on the Record of Depositors at the entitlement date, i.e. 8th October 2004. 

B13.	Earnings per share 

					< ---- Individual Quarter ----- >		< -- Cumulative Quarter -- > 	
	30 Sep 2004	30 Sep 2003		30 Sep 2004                                 	30 Sep 2003                                 	
	Basic earnings per share						
	Net profit attributable to 			shareholders (RM`000)		23,339	4,457			40,073	8,432 	
						
	Number of shares at the beginning 		of the period (‘000)		100,000 	100,000			100,000	-   	
	Effects of shares issued during the 		period (‘000)		-    	-   			-   	65,136	
	Effects of private placement (‘000)		10,000	-   			9,307	-   	
	Effects of share options exercised 		before bonus issue and share 		split (‘000)	1,100	-      		753	-   	
	Effects of bonus issue (‘000)		66,660	60,000			66,036	39,082	
	Effects of share split (‘000)		711,038	640,000			704,382	416,872	
	Effects of share options exercised 		after bonus issue and share split 		(‘000)	2,826	-    		966	-    	
	Weighted average number of  		shares (‘000)		891,624		800,000			881,444		521,090	
	Basic earnings per share (sen)		2.62		0.56			4.55		1.62  	
	Diluted earnings per share						
	Net profit attributable to 			shareholders (RM`000)		23,339	4,457			40,073	8,432	
						
	Weighted average number of  		shares as per above (‘000)		891,624	800,000			881,444	521,090	
	Number of shares under ESOS 		(‘000)		53,279	72,000			53,279	72,000	
	Number of ESOS that would have 		been issued at fair value (‘000) 		(6,810)	(9,896)			(6,810)	(9,896)  	
	Weighted average number of  		shares - diluted (‘000)		938,093	862,104      			927,913	583,194     	
	Fully diluted earnings per share 		(sen)		2.49		0.52			4.32		1.45 	

The comparative basic and diluted earnings per share have been restated to take into account the effect of bonus issue and share split.