ViTrox : Quarterly Report For The Financial Period Ended 30 June 2023

VITROX CORPORATION BERHAD

(Incorporated in Malaysia)

Company No: 200401011463 (649966-K)

INTERIM FINANCIAL REPORT

FOR THE SECOND QUARTER

ENDED 30 JUNE 2023

VITROX CORPORATION BERHAD

(Incorporated in Malaysia)

Company No: 200401011463 (649966-K)

CONTENTS

	Page
Condensed Consolidated Statement of Comprehensive Income…………………..	1
Condensed Consolidated Statement of Financial Position……..…………………..	2
Condensed Consolidated Statement of Changes in Equity...………………………	3-4
Condensed Consolidated Statement of Cash Flows…..…………………………….	5-6
Notes to the Interim Financial Report………………………………………………….	7-14

VITROX CORPORATION BERHAD

(Incorporated in Malaysia)

Company No: 200401011463 (649966-K)

QUARTERLY REPORT ON RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2023

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

		(The figures have not been audited)
			INDIVIDUAL QUARTER		CUMULATIVE QUARTER
									Corresponding
					Corresponding		Current		preceding
			Current quarter	preceding quarter		period-to-date		period-to-date
			ended		ended		ended		ended
			30-Jun-23		30-Jun-22		30-Jun-23		30-Jun-22
	Note		RM'000		RM'000		RM'000		RM'000
Revenue		149,390	189,396	282,721	374,673
Other operating income		5,431	1,903	10,330	4,125
Operating expenses		(113,060)	(138,132)	(216,383)	(276,851)
Finance costs		(1,033)	(376)	(1,983)	(519)
Share of associate's (loss)/profit		(324)	(246)	727	(460)
Profit before tax	B12	40,404	52,545	75,412	100,968
Tax (expense)/income	B5	(2,903)	(1,423)	(5,054)	24
Profit for the financial period		37,501	51,122	70,358	100,992

Other comprehensive income for the financial period:-

• Currency translation differences for the foreign operations (representing item that may be

reclassified subsequently to profit
or loss)	104	(110)	383	73
Comprehensive income
for the financial period	37,605	51,012	70,741	101,065
Profit/(loss) for the financial period
attributable to:-
- Owners of the Company	37,655	51,351	70,650	101,375
- Non-controlling interests		(154)		(229)		(292)		(383)
	37,501	51,122	70,358	100,992
Comprehensive income for the financial
period attributable to:-
- Owners of the Company	37,759	51,241	71,033	101,448
- Non-controlling interests		(154)		(229)		(292)		(383)
	37,605	51,012	70,741	101,065
Earnings per share attributable
to owners of the Company (sen)	B10
- Basic		3.98		5.44		7.48		10.73
- Diluted	3.95	5.36	7.41	10.59

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the accompanying explanatory notes and audited financial statements for the financial year ended 31 December 2022.

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VITROX CORPORATION BERHAD

(Incorporated in Malaysia)

Company No: 200401011463 (649966-K)

QUARTERLY REPORT ON RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2023

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

	As at	As at
	30-Jun-23	31-Dec-22
	RM'000	RM'000
	(Unaudited)	(Audited)
ASSETS
Non-current assets
Property, plant and equipment	180,525	144,654
Investment properties	44,600	44,600
Right-of-use assets	80,872	81,256
Investment in associate	20,766	25,539
Investments in club memberships, at cost	91	91
Deferred tax assets	702	702
	327,556	296,842
Current assets
Inventories	203,842	202,706
Receivables	210,637	252,953
Derivatives	0	282
Prepayments	12,079	13,178
Current tax assets	1,719	1,789
Cash and cash equivalents	420,914	370,402
	849,191	841,310
TOTAL ASSETS	1,176,747	1,138,152
EQUITY AND LIABILITIES
Equity
Share capital	59,812	55,946
Reserves	850,345	818,389
Equity attributable to owners of the Company	910,157	874,335
Non-controlling interests	(1,049)	(757)
Total equity	909,108	873,578
Non-current liabilities
Deferred tax liabilities	3,498	3,498
Loans and borrowings	56,551	59,638
Lease liabilities	122	174
Deferred income on government grants	546	561
Total non-current liabilities	60,717	63,871
Current liabilities
Derivatives	2,652	0
Payables	131,712	153,357
Dividend payable	39,229	11,808
Loans and borrowings	13,742	12,936
Lease liabilities	102	125
Contract liabilities	16,241	19,993
Current tax liabilities	3,244	2,484
Total current liabilities	206,922	200,703
Total liabilities	267,639	264,574
TOTAL EQUITY AND LIABILITIES	1,176,747	1,138,152
Net assets per ordinary share attributable to
owners of the Company (sen)	96.29	92.56

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the accompanying explanatory notes and audited financial statements for the financial year ended 31 December 2022.

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VITROX CORPORATION BERHAD

(Incorporated in Malaysia)

Company No: 200401011463 (649966-K)

QUARTERLY REPORT ON RESULTS FOR THE SECOND QUARTER ENDED 30 JUNE 2023

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

(The figures have not been audited)

				Non-distributable			Distributable
								Equity
				Share	Share	Currency		attributable	Non-
	Share	Revaluation	Capital	option	grant	translation	Retained	to owners of	controlling	Total
	capital	reserve	reserve*	reserve	reserve	reserve	profits	the Company	interests	equity
	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000	RM'000
Period ended 30 June 2023
Balance at 1 January 2023	55,946	14,160	520	2,305	4,636	445	796,323	874,335	(757)	873,578
Share-based payments	0	0	0	148	3,338	0	0	3,486	0	3,486
Issue of shares pursuant to Employees' Share
Option Scheme	699	0	0	(167)	0	0	0	532	0	532
Issue of shares pursuant to Share Grant Scheme	3,167	0	0	0	(3,167)	0	0	0	0	0
Dividends	0	0	0	0	0	0	(39,229)	(39,229)	0	(39,229)
Total transactions with owners	3,866	0	0	(19)	171	0	(39,229)	(35,211)	0	(35,211)
Profit/(loss) for the financial period	0	0	0	0	0	0	70,650	70,650	(292)	70,358
Currency translation differences for foreign
operations (representing other comprehensive
income for the financial period)	0	0	0	0	0	383	0	383	0	383
Comprehensive income for the financial period	0	0	0	0	0	383	70,650	71,033	(292)	70,741
Balance at 30 June 2023	59,812	14,160	520	2,286	4,807	828	827,744	910,157	(1,049)	909,108
* This represents the cumulative amount transferred from the retained profits of a subsidiary under the statutory requirements of the People's Republic of China.

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