oving forward, the Group will continue to be steadfast in our innovative plans for the current financial year and leverage on the better Malaysian economy and the initiatives taken by the Government with the spin-off from the Ninth Malaysia Plan, the Iskandar Development Region of Johor and the recently announced Northern Corridor Economic Region.

These mega super corridors plans will provide the impetus for a more vibrant property market and related infrastructure projects which will auger well for our Construction and Concrete Products divisions. These divisions will endeavour to scout for projects with good profit margins and will capitalise on the opportunities offered.

Our Property division’s primary focus is on enhancing the value of niche development with innovative moves to produce strong financial results. Our promotion overseas to Singapore, Hong Kong, China, the Middle East, India and Pakistan has seen fruition to our efforts with a high percentage of sales achieved. Foreigners and locals alike are confident of our Group’s quality and value-added properties available for investment and ownership.

During the financial year under review, we have acquired several pieces of strategic land for the development of residential, high rise apartments and commercial properties in the Klang Valley, Pahang and Johor totaling more than 1,000 acres which will generate revenue and growth in the next few years.

Our Cables division is expected to continue to meet the strong support from TNB and the local market. Our new factory in Vietnam, once in operation will contribute to the group’s profitability in the near future.

Our Hotels & Leisure division is anticipated to enjoy growth with Tourism Malaysia actively and aggressively promoting and driving tourism activities and events locally & internationally in line with Visit Malaysia Year 2007. Anticipating the in-flux of tourists, our hotels, resorts and inns have been upgraded, re-furbished and expanded in terms of rooms, facilities, services and infrastructure to meet the demand.Equally aggressive to meet the increase in demand and tap on the opportunity, our Leisure division has been active in promoting our timeshare memberships in exhibition fairs, road shows and affiliations with more local and overseas locations.

With our prudent capital management strategy, efficient cost management and innovative plans we are optimistic that we will be able to sustain our competitiveness and perform better in the current financial year.