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Further to our announcement dated 1 August 2008 whereby we confirmed the statement made by our Managing Director in relation to the Company's forecast of 15% growth in revenue and net profit for the financial year 2009, we would like to clarify that our forecast is based on the current performance of the Group. For the past 9 months, the Group has already achieved a profit after tax of RM43 million.
We are confident of achieving the targeted growth for the following reasons :-
1. current on-going contracts shall continue into next year.
2. 2 new work-boats will come on-stream and are expected to contribute positively to the performance of the Group.
3. the Hook Up & Commissioning contracts that we secured earlier this year will be contributing towards the Group's revenue and profits from 4th Quarter 2008 onwards.
4. the Group has bid for new contracts which we are confident of securing a sizeable percentage.
Dated this 6 August 2008 |
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