• The other payable of Ekson in the balance sheet had also incresed by Rm 50 million.

• Turnover was RM95.2 million as compared to the preceding quarter’s turnover of RM62.1 million.

• The Group recorded a profit before taxation of RM15.7 million for the quarter under review. This is 16.9% lower compared to the preceding quarter’s profit before taxation of RM18.9 million.

• Lower margins arising from lower plywood selling prices and higher production costs during the quarter under review led to the Group’s lower profit despite recording a higher turnover. The appreciation of the Ringgit against the US Dollar during the quarter under review also contributed to the squeeze in margins.
  

• we are cautiously optimistic on the Group’s performance. Expectations of plywood prices improving over the short to medium term will help mitigate the impact of the stronger Ringgit on the back of a recovery in demand, in particular from the US.
• our Tawau mill will see the full impact from its increased capacity of 30,000 m3 per annum.
• lower power generation costs arising from its recently commissioned biomass power plant.

• the Company’s proposed RM0.20 capital repayment exercise was approved by the High Court of Sarawak and Sabah at Tawau on 15 May 2007. The entitlement date of the capital repayment is on 8 June 2007 whilst payment, barring unforeseen circumstances would be made on 22 June 2007.
• the Company is proposing to implement a dividend policy from Financial Year 2008 onwards, setting a target dividend payment of 15% of its net earnings
• The Company may propose further dividends when circumstances permit.

Last edited on Sat Jun 2nd, 2007 06:03 by TK

But profit declining compare to preceding quater:

• The Group recorded a profit before taxation of RM15.7 million for the quarter under review. This is 16.9% lower compared to the preceding quarter’s profit before taxation of RM18.9 million.

• Lower margins arising from lower plywood selling prices and higher production costs during the quarter under review led to the Group’s lower profit despite recording a higher turnover. The appreciation of the Ringgit against the US Dollar during the quarter under review also contributed to the squeeze in margins.

• Property Venture: 
  
  Risky & money easily drain out. Yet to see the company performance. But I thought recently the market is re-rating the property sector? May not be bad news though I don't like the idea the company venture into this business. The company did make a small profit from property sector. Read its note to the accounts. Hopefully it perform as well.

Last edited on Sat Jun 2nd, 2007 11:31 by TK

• The Qtr to Qtr profit is just to highlight the margin squeze. The revunue did increase. Most company give reasons on shorter working days for last quarter as a reason of declining revenue/profit. But Ekson's is silent on this (I believe there may be a shorter working days, & yet revenue increase).

• The property sector.....money drain out... not the cost lah... I mean....Anyway, just hope that the one responsible for development project left enough profit to the shareholders.

• The last question....

• I think u getting too sensitive.