Harimau Capital

PLENITUDE BERHAD’S IMPRESSIVE Q4 AND FULL YEAR RESULTS SURPASSES PREVIOUS YEAR
Kuala Lumpur, 22 August 2008 – Plenitude Berhad (“Plenitude” or the “Group”) today announced the Group’s Q4 and 12 months results ended 30 June 2008, well surpassing the performances of the preceding year corresponding periods. The Group’s Q4 revenue rose 42.6% from RM90.9 million in the preceding year’s corresponding quarter to RM129.6 million this quarter. The significant increase in revenue was attributed to impressive sales of properties which are under construction, completed and handed over in respect of Taman Desa Tebrau in Johor, Taman Putra Prima in Selangor, Bandar Perdana and Lot 88 in Kedah, The Residences of Changkat Kiara and Changkat View Condominium in Sri Hartamas, Kuala Lumpur; and the supply of building materials by PNT Materials Trading Sdn Bhd. The Group’s Q4 profit after tax was RM24.6 million, an increase of 15.5% from RM21.3 million recorded in the preceding year’s corresponding period.

The Group recorded a profit after tax of RM78.7 million and a revenue of RM347.8 million for the 12 months ended 30 June 2008. These are considerable increases of 39.3% and 46.0% respectively from the preceding year’s profit after tax of RM56.5 million and revenue of RM238.2 million. “Plenitude’s good performances and growth over the years are testament to our dedication and commitment in providing high quality products and services to our customers. The responses to our launches in the year under review have been very good and we will work hard to ensure that our future launches will receive equally if not better responses.”, said Madam Chua Elsie, Executive Chairman of Plenitude.