VEDAN INT'L 02317·

Gross margin ------------------------------------------------------------15.79%--9.61%6.18%14.35%4.74%17.42%3.07%17.74%0.31% Net margin ------------------------------------------------------------2.89%---0.97%3.86%1.81%2.78%4.23%2.41%4.56%0.33% ROE ------------------------------------------------------------3.65%---1.50%5.15%2.37%3.88%5.31%2.94%5.56%0.25% ROA ------------------------------------------------------------2.83%---1.08%3.91%1.83%2.91%4.36%2.53%4.43%0.07% Revenue growth ----------------------------------------------------------------28.85%---12.92%41.77%-0.08%12.84%-3.62%3.54% Attributable profit growth -----------------------------------------------------------------143.50%--261.98%405.48%133.12%128.86%3.93%129.18% Debt-to-assets ------------------------------------------------------------22.39%--28.14%5.75%23.14%5.01%17.98%5.16%20.37%2.39% Current ratio ------------------------------------------------------------2.98--2.280.702.820.543.820.993.460.36 Operating cash flow / net profit ------------------------------------------------------------2.25--5.643.384.601.043.031.571.621.41 Operating cash flow / revenue ------------------------------------------------------------6.50%---5.48%11.98%8.33%13.81%12.79%4.46%7.39%5.40%

Gross margin 17.26%--16.99%0.27% Net margin 4.13%--4.33%0.20% Revenue growth ----11.57%-- Attributable profit growth ----16.98%-- Debt-to-assets ----16.57%-- Current ratio ----4.28--

Revenue ------------------------------------------------------------2.44B--3.14B28.85%2.74B12.92%2.73B0.08%2.63B3.62% Gross profit ------------------------------------------------------------384.92M--301.91M21.57%392.59M30.04%476.18M21.29%467.19M1.89% Selling and distribution expenses ------------------------------------------------------------147.41M--171.09M16.06%140.42M17.93%146.38M4.24%143.36M2.06% Administrative expenses ------------------------------------------------------------152.41M--154.04M1.07%159.38M3.47%175.71M10.25%172.34M1.92% Net finance costs ------------------------------------------------------------2.14M--6.62M209.18%20.40M207.97%11.05M45.84%7.12M35.56% Income tax ------------------------------------------------------------25.39M--1.30M94.87%23.70M1719.65%39.26M65.68%41.06M4.56% Operating profit ------------------------------------------------------------95.52M---21.70M122.72%91.93M523.59%164.77M79.24%162.38M1.45% Share of associates and JVs -------------------------------------------------------------1.28M---3.68M186.95%-5.96M61.98%-6.70M12.47%-5.00M25.41% Profit before tax ------------------------------------------------------------95.72M---29.23M130.54%73.28M350.71%154.79M111.21%161.11M4.09% Net profit ------------------------------------------------------------70.34M---30.53M143.41%49.59M262.40%115.52M132.98%120.06M3.92% Net profit attributable to owners ------------------------------------------------------------70.22M---30.55M143.50%49.48M261.98%115.35M133.12%119.88M3.93%

Revenue 184.27M--205.59M11.57% Other income and gains 1.19M--1.00M16.08% Cost of sales 152.46M--170.66M11.94% Gross profit 31.81M--34.93M9.81% Selling and distribution expenses 9.78M--12.21M24.82% Administrative expenses 12.22M--13.43M9.95% Net finance costs 123.00K--636.00K417.07% Income tax 3.15M--2.09M33.67% Operating profit 11.01M--10.29M6.50% Share of associates and JVs 0--77.00K-- Profit before tax 10.76M--10.99M2.15% Net profit 7.61M--8.90M16.95% Net profit attributable to owners 7.60M--8.89M16.98%

Cash and cash equivalents ------------------------------------------------------------421.66M--332.98M21.03%210.19M36.88%341.25M62.36%330.53M3.14% Trade and bills receivables ------------------------------------------------------------205.07M--236.73M15.44%239.08M0.99%241.36M0.95%228.98M5.13% Inventories ------------------------------------------------------------648.08M--978.71M51.02%975.15M0.36%912.00M6.48%964.87M5.80% Total current assets ------------------------------------------------------------1.38B--1.68B21.72%1.65B1.91%1.68B2.25%1.82B7.88% Total assets ------------------------------------------------------------2.48B--2.83B13.96%2.72B3.93%2.65B2.43%2.71B2.26% Total current liabilities ------------------------------------------------------------463.28M--736.05M58.88%583.31M20.75%441.65M24.29%525.90M19.08% Total liabilities ------------------------------------------------------------555.51M--795.73M43.24%628.43M21.03%476.41M24.19%551.97M15.86% Equity attributable to owners ------------------------------------------------------------1.92B--2.03B5.51%2.09B2.77%2.17B4.12%2.16B0.71% Total equity ------------------------------------------------------------1.93B--2.03B5.51%2.09B2.76%2.17B4.12%2.16B0.72%

Cash and cash equivalents ----31.40M-- Trade and bills receivables ----35.41M-- Inventories ----119.06M-- Total current assets ----243.02M-- Total assets ----365.19M-- Total current liabilities ----56.81M-- Total liabilities ----60.50M-- Equity attributable to owners ----304.45M-- Total equity ----304.69M--

Net cash from operating activities ------------------------------------------------------------158.58M---172.12M208.54%227.91M232.41%349.51M53.35%194.53M44.34% Net cash from investing activities ------------------------------------------------------------99.32M---51.10M151.45%-212.69M316.22%-7.32M96.56%-124.55M1600.35% Net cash from financing activities -------------------------------------------------------------112.40M--114.41M201.79%-139.61M222.02%-207.72M48.78%-78.15M62.38% Net change in cash ------------------------------------------------------------145.49M---108.81M174.79%-124.39M14.32%134.47M208.10%-8.17M106.07%