MBMR ~ highlight : 09 Q2

6 Aug 09
MBMR Board of Directors
QUARTERLY ANNOUNCEMENT
for the second quarter ended 30/06/2009

Highlights

• Revenues and profits were lower during the quarter compared with last year
but quarter-on-quarter performance improved.

• The high Japanese Yen continue to have a negative impact on operating
margins compared to last year but the pressure on a quarter-to-quarter basis
has eased.

• Volume sales recovered during the quarter with orders showing encouraging
prospects for the coming months.

• The manufacturing operations enjoyed strong deliveries as the major customers
increase production in line with improved market conditions. Price adjustments
and lower material costs helped with some margin recovery.

• Associate contribution was lower due to the high Japanese Yen and reduced
volumes but profits were substantially higher than that for the 1st quarter.

• Dividend of 3.0 sen declared against 6.0 sen (excluding special dividend) last
year.


Overview

The Malaysian motor total industry volume (TIV) of sales by registration declined in the second quarter of 2009 by 10.0% compared against the same period of 2008, but improved by 11.6%
over the preceding quarter.

Overall, the TIV for the first 6 months' sales by registration declined 9.7% compared to the
same period of 2008.


Group Financial Performance

Group revenue declined by 11.1% to RM272.9 million.
Operating profit declined by 45.3% toRM9.99 million,
whilst share of results of associated companies declined by 40.0% to RM11.09million.
Net profit attributable to equity holders declined by 45.7% to RM13.9 million.
The group's net cash position (after total borrowings) fell to RM70.9 million as at 30 June 2009
compared with RM111.9 million as at 30 June 2008.
Group revenue improved by 7.9%.
Similarly, both operating profit and share of associated companies improved by 65.7% and 81.4% respectively.
Net profit attributable to equity holdersimproved by 49.0%.
The group’s net cash position (after total borrowings) improved to RM70.9 million as at 30 June 2009 compared with RM54.7 million as at the end of 31 March 2009.
Net assets per share improved to RM3.54 as at the end of June 2009 from RM3.51 as at
preceding financial year end.


Group Business Performance
Performance of sales by operations

Group revenue declined by 11.1% to RM272.9 million.
Operating profit declined by 45.3% to RM9.99 million,
whilst share of results of associated companies declined by 40.0% to RM11.09 million.
Net profit attributable to equity holders declined by 45.7% to RM13.9 million.
The group's net cash position (after total borrowings) fell to RM70.9 million as at 30 June 2009
compared with RM111.9 million as at 30 June 2008.
Group revenue improved by 7.9%.
Similarly, both operating profit and share of associated companies improved by 65.7% and 81.4% respectively.
Net profit attributable to equity holdersimproved by 49.0%.
The group’s net cash position (after total borrowings) improved to RM70.9 million as at 30 June
2009 compared with RM54.7 million as at the end of 31 March 2009.
Net assets per share improved to RM3.54 as at the end of June 2009 from RM3.51 as at
preceding financial year end.

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