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The condensed Consolidated Income Statement should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2008.
The condensed Consolidated Balance Sheet should be read in conjunction with the Annual Audited Financial Statements for the year ended 31 December 2008.
For the fourth quarter ended 31 December 2009, the Group registered a decline in revenue of 1.3% compared to the preceding year corresponding quarter. This was primarily due to the lower sales by the Indonesian subsidiary.
However, the Group's profit before tax registered a growth of 12.2% against the preceding year corresponding quarter. The growth was mainly due to lower operating expenses as well as the gain on disposal of two lots of land.
For the year under review, the Group maintained its previous year's revenue. The Group recorded profit before tax of RM81.4 million compared to last year of RM90.6 million, a drop of 10.2%. This was mainly attributed to lower gross profit margin, mitigated by lower expenses and gain on disposal of assets.