financial results Jan to June 20042003Change RM mil % Revenue5,3974,252 26.9 Profit from operations275287(4.2) Profit/(loss) from investing activities 206 233.3 Share of associates45434.7 Finance costs (8) (6) 33.3 PBT 332 3300.6 PAT2462431.2 Earnings1711691.2
financial results Jan-JunFull Year % (All figures in RM million)20042003 Change Non-Current Assets3,5433,5130.9 Current Assets2,6032,29013.7 Less : Current Liabilities (1,173) (980)19.7 Net Assets 4,9734,8233.1 Financed By : Share Capital491 - Reserves2,5902,4973.7 Shareholders Funds3,0812,9883.1 Minority Interest1,5101,4831.8 Non-Current & Def. Liabilities 382 3528.5 4,9734,8233.1 NTA per share (sen)6216023.2
major acquisitions and joint ventures PPB completed the privatisation of FFM Berhad by way of a members scheme of arrangement under Section 176 of the Cos. Act, 1965 offer was for 1 new PPB share plus cash of RM2.00 for every 1 FFM share additional 102,126,817 PPB shares were listed on Bursa Malaysia on 25 August 2004 PPBs share capital increased to RM592.7 million FFM became a wholly-owned subsidiary of PPB
major acquisition and joint ventures On 9 June 2004, FFM Group expanded its wheat flour milling activity to Thailand through the acquisition of 43.35% interest in Kerry-Glory Flour Mills Co. Ltd for a total cash consideration of Baht 329,454,414 equivalent to RM30.7 million. On 7 May 2004, PGEO Group entered into a JV with KOG Investments Pte Ltd, Spore to construct and operate an edible oils and fats processing facility in Rotterdam, Netherland through KOG Edible Oils BV (KOGBV) at a total cost of Euro 27.7 million. PGEO Group subscribed for 35% interest in KOGBV for a total cash consideration of Euro 4.2 million.