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The Board of Directors of KAWAN wishes to announce that the Third Quarter Results shown a better performance as compared to the forecasted results for the financial year ending 31 December 2005 for the Group as appended below :-
| Current year to-date ended 30/9/2005
(RM'000) | Forecasted for the financial year ending 31/12/2005
(RM'000) |
Profit After Tax | 3,930 | 3,575 |
This is resulted from more effective marketing and distribution arrangement in United States of America as well as better coordinated marketing in United Kingdom.
Another point we like to bring to the attention of the press is our financial status. As of today, we have zero borrowing as the Company has settled the borrowing amounting to RM4.99 million on 23 November, 2005. This is another achievement for us.
We are happy to declare a First and Interim Dividend of 2% per Ordinary Share less 28% income tax to the shareholders for the financial year ending 31 December, 2005.
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