MITRAJAYA HOLDINGS BERHAD - Announcements

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Name Date and Place of Incorporation Subsidiary of Dutawani Sdn Bhd Kemajuan Sekim Baru Sdn Bhd 08.05.1984, Malaysia Subsidiary of Konsortium Kasland Sdn Bhd Kasland Development Sdn Bhd Associated Companies Lanchang Asfalt Sdn Bhd 6. Profit and Dividend Record 05.08.1997, Malaysia 26.06.1986, Malaysia Issued And Paid-Up Capital RM 29 Effective Equity Interest held % Principal Activities 375,000 70 Property development. 200,000 70 Dormant 2 50 Manufacturing and selling of premix The audited profit and dividend records for the MHB Group for the past six (6) years ended 31 December 2000 are as follows: 1995 Audited Financial Year ended 31 December 1996 Turnover (RM’000) 136,618 250,400 381,670 222,925 178,907 219,568 EBIDTA*(RM’000) 16,869 27,963 26,192 24,399 41,844 57,549 Operating profit/loss (RM’000) Share of profit of associated companies (RM’000) Profit/(loss) before exceptional items (RM’000) Extraordinary items (RM’000) Exceptional items (RM’000) Profit/(loss) before taxation (RM’000) 1997 1998 1999 2000 13,047 12,826 14,013 19,469 38,952 47,669 17 279 217 365 123 (95) 13,064 13,105 14,230 19,834 39,075 47,574 - - - - - - - - - (4,380) - - 13,064 13,105 14,230 15,454 39,075 47,574 Taxation (RM’000) (3,876) (3,706) (4,119) (5,812) 300 (17,322) Profit after taxation (RM’000) 9,188 9,399 10,111 9,642 39,375 30,252
Minority interests (RM’000) Profit after taxation and minority interest (RM’000) Weighted average no. Of ordinary shares in issue (‘000) 1995 9,188 Audited Financial Year ended 31 December 1996 30 997 1998 1999 2000 - (50) (78) (173) 708 (8,413) 9,349 10,033 9,469 40,083 21,839 19,023 19,023 34,242 45,523 90,977 106,429 Net EPS (sen) 48.30 49.15 29.30 20.80 44.06 20.52 Diluted EPS (sen) - - - 15.16 35.65 17.03 Gross dividend rate (%) 10 10 20 10 10 15 * Earnings before interest, depreciation, taxation and amortisation. Notes: (1) The Group’s turnover shot up by 83.3% or to RM250.4 million in 1996. However, profit before tax rose by 0.3% only mainly due to high value Government contracts undertaken that have low profit margin while shortages of manpower and raw material forced costs up. (2) The turnover increased to RM381.7 million or by 52.4% in 1997 together with a higher profit before tax of RM14.2 million or an increase by 8.6%. The increase in the turnover was mainly due to the completion of major projects, like the North-South Expressway Central Link and the earthwork project at Kuala Lumpur International Airport which in turn increased the profit before tax. (3) The Group’s turnover declined to RM222.9 million in 1998 mainly as a result of Asia’s continuing economic problems that hit the construction sector and the acute shortage of major new projects. The main contributor to the Group’s turnover and profit was Pembinaan Mitrajaya Sdn Bhd through its civil engineering and building construction projects. (4) The Group’s turnover declined to RM178.9 million in 1999 mainly due to shortage of new major projects as the continued gloomy economic situation hit the construction sector particularly hard. Despite a lower turnover, the profit before tax increased by 154%. (5) The Group turnover for the year ended 31 December 2000 has increased by 23% and 22% increase in profit before tax as compared to the preceding year ended 31 December 1999. The property development at Puchong and South Africa brought on higher contribution. (6) There is no exceptional items for the six financial years ended 31 December 2000 except for the financial year ended 31 December 1998 which are related to corporate exercise expenses and loss on repurchase of bonds. (7) There is no extraordinary items for the six financial years ended 31 December 2000.
Page 1 and 2: THIS CIRCULAR IS IMPORTANT AND REQU
Page 3 and 4: CONTENTS PART A CIRCULAR TO THE SHA
Page 5 and 6: 1.2 In view of the interest of Dato
Page 7 and 8: 2.1.3 Terms of the Proposed GPIL Ac
Page 9 and 10: in the name of MSA to be registered
Page 11 and 12: 4. INDUSTRY OVERVIEW AND FUTURE PRO
Page 13 and 14: 5.5 Gearing As the Proposed Acquisi
Page 15 and 16: PART B To: The Shareholders of Mitr
Page 17 and 18: Independent Advice Letter to the Sh
Page 25 and 26: INFORMATION ON MHB 1. History and B
Page 27 and 28: Date of Allotment No. of Ordinary S
Page 29 and 30: Date of Allotment No. of Ordinary S
Page 31: Name Date and Place of Incorporatio
Page 35 and 36: 4. Particulars of Directors’ Shar
Page 49 and 50: INFORMATION ON SAMRAND 1. History a
Page 51: 6. Profit and Dividend Record The a
Page 57 and 58: vi) Facility Agreement dated 21.2.2
Page 59 and 60: xxix) A Supplemental Deed Poll date
Page 61 and 62: MITRAJAYA HOLDINGS BERHAD Company N

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