Petaling Tin Berhd - Interim Results
22 July 1997 - 9:37PM
UK Regulatory
RNS No 7179c
PETALING TIN BERHAD
PETALING TIN BERHAD (324-H)
(Incorportion in Malaysia)
AND ITS SUBSIDIARIES
Half yearly report on consolidated results for the six months ended 30/04/97.
The figures have not been audited.
GROUP COMPANY
30 Apr 30 Apr 30 Apr 30 Apr
1997 1996 1997 1996
--------------------------------------------------
MINING RESULTS
Output of tin concentrates
(tonnes) 19 - 19 -
Sale of tin concentrates
(tonnes) - - - -
Average price per tonne
of tin metal (RM) 10,450 - 10,450 -
Average net price received
per tonne of tin
concentrates (RM) - - - -
--------------------------------------------------
RM'000 RM'000 CHANGE RM'000 RM'000 CHANGE
--------------------------------------------------
1 (a) TURNOVER - 202 (100%) - 202 (100%)
(b) Investment and other
income excluding
Extraordinary Items 279 810 (66%) 224 810 (72%)
--------------------------------------------------
2 (a) Consolidated Operating (3,943) (1,740) (127%) (3,864) (1,696) (128%)
Loss before Income Tax,
Minority Interest and
Extraordinary Items
and after interest on
Borrowings, Depreciation
and Amortisation (see
note (i) and (ii) below)
(b) Add: Share of Loss Of
Associated Company - (445) 100% - -
(c) Less Income Tax - - - -
(d) (i)Consolidated
Operating Loss
before deducting
Minority Interests (3,943) (2,185) (80%) (3,864) (1,696) (127%)
(ii)Less Minority
Interests - - - -
--------------------------------------------------
(e) CONSOLIDATED OPERATING
LOSS ATTRIBUTABLE TO
MEMBERS OF THE COMPANY (3,943) (2,185) (80%) (3,864) (1,696) (127%)
(f) (i)Extraordinary Items - - - -
(ii)Less Minority
Interests - - - -
(iii)Extraordinary Items
attributable to
Members Of the
Company - 1,437 - -
--------------------------------------------------
Compensation for
land acquired by
Tenaga Nasional
Berhad - 3,444 - -
Less: Land Cost and
Development
Expenses - (2,007) - -
--------------------------------------------------
(g) Consolidated Operating
Loss & Extraordinary
Items attributable to
Members of the Company (3,943) (748) (427%) (3,864) (1,696) (127%)
--------------------------------------------------
Note: (i) Interest on
Borrowings,
including interest
on Bank Overdrafts,
Charged as an
expense - - - -
(ii) Depreciation
including
Amortisation 989 972 986 970
--------------------------------------------------
3 The dredge was not operating
for the whole of 1996
therefore there were no sales
of tin ores.
4 Loss per stock unit (sen) 20 11 19 8
5 There was no deferred tax and adjustments for under or over provisions in
respect of prior years.
6 There was no pre-acquisition profits.
7 Profit on sale of investments amounted to RM1,188.
8 There were no rights or any issues of stock since the previous dividend was
paid.
9 There was no major operation for 1997.
10 No decision regarding dividend has been made.
END
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