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Quarterly Report For The Financial Period Ended 30 June 2010

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Condensed Consolidated Statement Of Comprehensive Income

The condensed consolidated statement of comprehensive income should be read in conjunction with the audited financial statements for the year ended 31 December 2009 and the accompanying explanatory notes attached to the interim financial statements.

Condensed Consolidated Statement Of Financial Position

The condensed consolidated statement of financial position should be read in conjunction with the audited financial statements for the year ended 31 December 2009 and the accompanying explanatory notes attached to the interim financial statements.

Review of Performance of the Company and its Principal Subsidiaries Compared with 2nd Quarter 2009

The Group performed extremely well in this quarter, achieving the highest ever revenue and pretax profit (PBT) for a quarter of RM 314.3 million and RM 54.1 million respectively. Included in this figure is a one time price adjustment of RM 7.6 million. Excluding the adjustment, Group revenue increased 44.0% from RM 213.0 million, and PBT improved significantly by 84.5% from RM 25.2 million.

The better than expected performance was mainly driven by the strong growth in vehicle sales. In the domestic front, total vehicle production grew by 30.0% to 150,636 units from 115,833 units last year, benefiting the Group's sales to original equipment manufacturers which has increased by 63.4%. For operations outside Malaysia, revenue improved by 60.3% contributed mainly by operations in Indonesia as car sales in the country rose by 78.0% to a total of 196,132 units compared with same quarter last year.

Group's operating profit improved as a result of lower costs due to higher volume and economies of scale.