(1) 	Under Accounting Policies
The accounts of the Group are prepared using the same accounting policies, method of computation and basis of consolidation applied in the preparation of this quarterly financial statements are consistent with those used in the preparation of the most recent annual financial statements and the accounting policies comply with approved accounting standards of the Malaysian Accounting Standards Board (MASB).

(2) 	Under Exceptional Items
There were no exceptional items for the Group during the quarterly financial period under review.

(3) 	Under Extraordinary Items
There were no extraordinary items for the Group during the quarterly financial period under review.

(4) 	Under Taxation 
Taxation charged for the financial quarter under review comprise of :-

	Current Quarter	Year to date
		RM’000		RM’000

Current taxation		14		33
	========	========

(5) 	Under Profit/(Losses) On Sale of Unquoted Investments and/or Properties
There were no transaction during the quarterly financial period under review.

(6) 	Under Quoted Securities
There were no transaction during the quarterly financial period under review.

(7) 	Under Changes in Composition of the Group
There were no changes during the quarterly financial period under review.

(8) 	Under Status of Corporate Proposals
There were no Corporate proposals whatsoever during the period under review.

(9) 	Under Issuances and Repayments of Debt and Equity Securities
There were no issuances and repayments of debt and equity securities, share buy back, share cancellations, shares held as treasury shares and resale of treasury shares for the quarterly financial period under review.

(10) 	Under Group Borrowings and Debts Securities

Total Group borrowings as at 30th June 2002 are as follows :-

									RM’000
(a)	Short Term Borrowings
- Secured	980
- Unsecured	16,413
Long Term Borrowings
- Unsecured							       312	
Total								  17,705

(b)	The Group has no borrowings or debt securities denominated in foreign currencies as at 30th June 2002.

(11)	Under Contingent Liabilities
There is no change in contingent liabilities since the last annual balance sheet date.

(12)	Under Off  Balance Sheet Financial Instruments
This item is not applicable to us.

(13)	Under Material Litigation
This item is not applicable to us.

(14)	Under Segmental Reporting
No segment analysis is applicable as the Group is involved in a single industry segment relating to the manufacturing of plastic products in Malaysia.

(15)	Under Material Changes In The Quarterly Results Compared to the Results of the Preceding Quarter 
For the current quarter, the Group registered a pre-tax loss of RM0.081 million as compared to RM0.30 million pre-tax profit in the preceding quarter. The loss was mainly due to increases in operational cost and stiffen competition in the market. The turnover for the current quarter was RM13.1 million as against RM12.1 million in the preceding quarter.

(16)	Under Review of Performance of the Company and its Principal Subsidiaries
For the 6 months ended 30th June 2002, the Group recorded turnover of RM25.2 million and pre-tax profit of RM0.22 million. In the corresponding period last year, the Group’s turnover amounted to RM20.9 million and pre-tax loss of RM1.2 million. The material factor for the improvements in earnings was lower operational cost overall. 

(17)	Under Material Subsequent Events
Other than disclosed herein there were no material events subsequent to the end of the current financial period ended 30th June 2002 that have not been reflected in the financial statements for the said period as at date of this report.

(18)	Under Seasonal or Cyclical Factors
This note is not applicable to us.
	
(19)	Under Prospects for the Current Financial Year
Barring any unforeseen circumstances and taking into consideration the increasing competition which the Group is facing, and not withstanding the continued higher resin prices expected, the Board is optimistic that the Group will be able to perform satisfactorily for the rest of the current financial year ended 31st December 2002.

(20)	Under Variance of Actual Profit from Forecast Profit
This note is not applicable to us.

(21) 	Under Dividend
No decision has been made yet. 

By Order of The Board,

Sui Diong Hoe (MIA 3663)
Secretary

Date: August 27, 2002
KUALA LUMPUR