Petaling Tin Berhd - Interim Results

RNS No 7179c
PETALING TIN BERHAD


                        PETALING TIN BERHAD (324-H)
                        (Incorportion in Malaysia)
                          AND ITS SUBSIDIARIES

Half yearly report on consolidated results for the six months ended 30/04/97.
The figures have not been audited.

                                    GROUP                   COMPANY
                              30 Apr    30 Apr         30 Apr    30 Apr
                                1997      1996           1997      1996        
                             --------------------------------------------------
MINING RESULTS
  Output of tin concentrates
                  (tonnes)        19         -             19         -
  Sale of tin concentrates     
                  (tonnes)         -         -              -         -
  Average price per tonne
    of tin metal  (RM)        10,450         -         10,450         -
  Average net price received
    per tonne of tin
    concentrates  (RM)             -         -              -         -
                             --------------------------------------------------
                              RM'000    RM'000  CHANGE RM'000    RM'000  CHANGE
                             --------------------------------------------------
1 (a) TURNOVER                     -       202  (100%)      -       202  (100%)
  (b) Investment and other
       income excluding
       Extraordinary Items       279       810   (66%)    224       810   (72%)
                             --------------------------------------------------
2 (a) Consolidated Operating  (3,943)   (1,740) (127%) (3,864)   (1,696) (128%)
       Loss before Income Tax,
       Minority Interest and
       Extraordinary Items
       and after interest on
       Borrowings, Depreciation
       and Amortisation (see
       note (i) and (ii) below) 

  (b) Add: Share of Loss Of
       Associated Company          -      (445)  100%       -         -

  (c) Less Income Tax              -         -              -         -

  (d) (i)Consolidated
         Operating Loss
         before deducting
         Minority Interests   (3,943)   (2,185)  (80%) (3,864)   (1,696) (127%)

     (ii)Less Minority
         Interests                 -         -              -         -
                             --------------------------------------------------
  (e) CONSOLIDATED OPERATING
      LOSS ATTRIBUTABLE TO
      MEMBERS OF THE COMPANY  (3,943)   (2,185)  (80%) (3,864)   (1,696) (127%)

  (f) (i)Extraordinary Items       -         -              -         -
     (ii)Less Minority
          Interests                -         -              -         -
    (iii)Extraordinary Items
          attributable to
          Members Of the
          Company                  -     1,437              -         -
                             --------------------------------------------------
          Compensation for 
           land acquired by        
           Tenaga Nasional
           Berhad                  -     3,444              -         -         
          Less: Land Cost and
           Development
           Expenses                -    (2,007)             -         -
                             --------------------------------------------------
  (g) Consolidated Operating
       Loss & Extraordinary
       Items attributable to
       Members of the Company (3,943)     (748) (427%) (3,864)   (1,696) (127%)
                             --------------------------------------------------
Note: (i) Interest on
          Borrowings, 
          including interest
          on Bank Overdrafts,
          Charged as an
          expense                  -         -              -         -
     (ii) Depreciation
          including
          Amortisation           989       972            986       970
                             --------------------------------------------------
3    The dredge was not operating
     for the whole of 1996 
     therefore there were no sales
     of tin ores.

4    Loss per stock unit (sen)    20        11             19         8

5    There was no deferred tax and adjustments for under or over provisions in
     respect of prior years.

6    There was no pre-acquisition profits.

7    Profit on sale of investments amounted to RM1,188.

8    There were no rights or any issues of stock since the previous dividend was
     paid.

9    There was no major operation for 1997.

10   No decision regarding dividend has been made.

END
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