THE FIGURES HAVE BEEN AUDITED
CONDENSED CONSOLIDATED INCOME STATEMENT
The condensed Consolidated Income Statement should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2006.
CONDENSED CONSOLIDATED BALANCE SHEET
The condensed Consolidated Balance Sheet should be read in conjunction with the Annual Financial Statements for the year ended 31 December 2006.
Review Of Performance
The Group recorded higher revenue and higher profit before income tax in the current quarter as compared to the preceding year corresponding quarter mainly due to higher contribution from property division, gain on dilution of investment in a foreign subsidiary and a foreign associate, as well as share of favourable results of joint ventures.
The Group recorded higher revenue and higher profit before income tax in the current year as compared to the preceding year mainly due to completion of a sale of 4,500 acres of land to Khazanah Nasional Berhad in June 2007 and higher contribution from engineering and construction, manufacturing and healthcare divisions. The gain on dilution of investment in a foreign subsidiary and a foreign associate coupled with share of favourable results of a foreign associate and joint ventures had further contributed to the favourable results of the Group in the current year. The Group's results in the preceding year corresponding quarter and year were affected by share of loss of a foreign associate arising from its provision for losses on cost over-runs, disputed claims on contracts and closure of its international division.