Petaling Tin Berhd - Final Results

RNS No 8156q
PETALING TIN BERHAD
19th January 1998


                            PETALING TIN BERHAD
                         (Incorporated in Malaysia)
                            AND ITS SUBSIDIARIES
          Unaudited Profit Statement for the year ended 31 October 1997

                                  Group                       Company      
                         31/10/97  31/10/96  + or     31/10/97  31/10/96  + or
                                             -%                            -%
                         RM'000    RM'000   CHANGE    RM'000   RM'000    CHANGE
1(a) TURNOVER             536       3,649   (85%)       536      204      163%
 (b) Investment and other
     income excluding 
     Extraordinary items  1,182     1,556   (24%)      1,042     1,567    (34%)

2 (a) Consolidated Operating
      Loss before Income Tax
      and extraordinary items
      and after depreciation
      and amortisation (see note
      i below)             (5,709)   (1,467) (289%)    (5,164)  (4,074)  (26.8%)

  (b) Add: Share of Loss
      of Associated Company   (82)    (750)    89%       -         -        -

                           (5,791)   (2,217)(161%)    (5,164)   (4,074)  (26.8%)
  
  (c) Less Income Tax         (34)   (327)     90%       -         -        -

      Estimated tax payable   (33)   (325)                         -

      Deferred tax             (1)    (2)                          -

 (d) Consolidated Operating Loss
     before deducted extraordinary
     items                  (5,825)   (2,544) (129%)  (5,164)  (4,074)  (26.8%)

 (e) CONSOLIDATED OPERATING
     LOSS ATTRIBUTABLE TO
     MEMBERS OF THE COMPANY (5,825)  (2,544)  (129%)  (5,164)  (4,074)  (26.8%)

 (f) (i) Extraordinary Items  -        -                 -        -
     (ii) Less Minority 
          Interests           -        -                 -        -
     (iii) Extraordinary Items
           attributable to 
           Members of the 
           Company            -        -                 -        -

 (g) Consolidated Operating Loss
     & Extraordinary Items
     attributable to Members of
     the Company            (5,825)  (2,544)  (129%) (5,164)  (4,074)  (26.8%)

Note: (i) Interest on Borrowings
          including interest on
          Bank Overdrafts, Charged
          as an expense       167      -                -       -

     (ii) Depreciation including
          Amortisation      1,166     2,027    42%    1,165   1,965    41%

                                     31/10/97  31/10/96     31/10/97  31/10/96
                                        %         %            %         %

3  Operating loss (2(d)) above as a
   percentage of turnover (1(a)) above: (1,080%) (70.0%)    (963.4%)  (1997.1%)

4  Operating loss (2(e) above) as a
   percentage of issued capital and
   reserves at end of year              (21.4%)  (7.5%)      (17.4%)  (11.8%)

                                      31/10/97  31/10/96    31/10/97  31/10/96
                                        sen       sen         sen       sen

5 Earning in sen per stock unit for
  the year based on 2(e)                (28.9)   (13)        (26)       (20)

6 Net tangible asset backing per
  stock unit                              170     172        145        178

7 No transaction or event of a material and unusual nature has arisen which
  would affect substantially the results of the group or the company for the
  period from the end of the financial year to the date of this report.


                                       Group                Company 
                             31/10/97  31/10/96 + or  31/10/97  31/10/96 + or
                                                -%                       -%
                              RM'000   RM'000  CHANGE  RM'000   RM'000 CHANGE

8 (a) Consolidated Operating
      Loss for first half
      year                    (3,943)  (748)  (427%)  (3,864)  (1,696)  (127%)

  (b) Consolidated Operating
      Loss for second half
      year                    (1,882)  (1,796) (4.79%) (1,300) (2,378)  (45.33%)

9  Tax figures include deferred taxation of RM500.00 and under provisions in
   respect of prior years amounting to RM2,116.00

10 There was no any pre-acquisition profits.

11 Profits on the sale of investments amounted to RM1,188.00.

12 There were no right issues of stock since the previous dividend was paid.

13 Mining operation has ceased temporarily and the group will concentrate on
   manufacturing or property development.

14 No dividend has been recommended.


By Order of the Board,
PETALING TIN BERHAD


END

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