AL-HADHARAH BOUSTEAD REITDEVIATION OF AUDITED RESULTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2007 BY MORE THAN 10% FROM THE FORECAST CONTAINED IN THE PROSPECTUS DATED 15 JANUARY 2007
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For the period ended 31 December 2007, Al-Hadharah Boustead REIT has forecast in the Prospectus dated 15 January 2007, an Earnings After Taxation of RM32.8 million compared to the audited Earnings After Taxation for the period of RM49.8 million. The positive deviation of 51.8% was mainly due to additional income from the performance-based profit sharing of RM17.1 million as the actual average palm oil price during the period of RM2,332 per metric tonne is above the reference price of RM1,500 per metric tonne used in the preparation of the forecast Earnings After Taxation.
Contents:
For the period ended 31 December 2007, Al-Hadharah Boustead REIT has forecast in the Prospectus dated 15 January 2007, an Earnings After Taxation of RM32.8 million compared to the audited Earnings After Taxation for the period of RM49.8 million. The positive deviation of 51.8% was mainly due to additional income from the performance-based profit sharing of RM17.1 million as the actual average palm oil price during the period of RM2,332 per metric tonne is above the reference price of RM1,500 per metric tonne used in the preparation of the forecast Earnings After Taxation.
(KLSE 18-3-2008)
