Financials

Condensed Consolidated Income Statements

The condensed consolidated income statements should be read in conjunction with the audited financial statements for the year ended 31 December 2007.

Condensed Consolidated Balance Sheet

The Condensed Consolidated Balance Sheet should be read in conjunction with the audited financial statements for the year ended 31 December 2007.

Review of Performance

The Group's profit before taxation and minority interest for the first quarter ended 31 March 2008 of RM81.11million was significantly lower than RM344.43 million reported in the previous corresponding financial period. Higher results in previous corresponding financial quarter was primarily contributed by non-recurring gains on disposal of property and quoted investments in the Gaming division and the investment holding companies in the Group.

The Gaming Division contributed a profit before taxation and minority interest of RM37.20million as compared to RM292.81 million in the previous corresponding quarter. The lower profit was mainly due to lower gaming profits as a result of lower gaming sales and higher prizes payout ratio and losses incurred by investment holding activities. In addition, the higher profit reported in previous year corresponding quarter was substantially contributed by non-recurring gains on disposals of property and quoted investments.

The Stockbroking Division posted a profit before taxation of RM1.70 million as compared to RM14.65 million in the previous corresponding financial period. Poor stock market performance in the first quarter has resulted in lower trading volume.

The Financial Services Division contributed a profit before taxation of RM5.31million as compared to RM6.59 million recorded in the previous corresponding financial period. The decrease was mainly due to higher claims experienced in the medical and motor class and the poor investment climate has adversely affected the investment portfolio.

click here to view Full Report
click here to view 4Q07 Results