【MYCRON 5087 交流专区】麦克伦钢铁

icy97

Profile for Securities of PLC

MYCRON STEEL BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	MYCRON STEEL BERHAD ("MYCRON" OR "COMPANY")ISSUANCE OF 21,756,070 FREE DETACHABLE WARRANTS ("WARRANTS") ON THE BASIS OF ONE (1) WARRANT FOR EVERY TWO (2) RIGHTS SHARES SUBSCRIBED TO THE ENTITLED SHAREHOLDERS OF MYCRON PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 43,512,144 NEW ORDINARY SHARES IN MYCRON ("MYCRON SHARES") ("RIGHTS SHARE(S)") ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY FIVE (5) MYCRON SHARE HELD AT 5.00 P.M. ON 31 DECEMBER 2018 AT AN ISSUE PRICE OF RM0.30 PER RIGHTS SHARE

Listing Date	31 Jan 2019
Issue Date	28 Jan 2019
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	21,756,070
Maturity	Mandatory
Maturity Date	26 Jan 2024
Revised Maturity Date
Name of Guarantor	Not Applicable
Name of Trustee	Not Applicable
Coupon/Profit/Interest/Payment Rate	Not Applicable
Coupon/Profit/Interest/Payment Frequency	Not Applicable
Redemption	Not Applicable
Exercise/Conversion Period	5.00   Year(s)
Revised Exercise/Conversion Period	Not Applicable
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   0.6000
Revised Exercise/Strike/Conversion Price	Not Applicable
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio	Not Applicable
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

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Name	MELEWAR INDUSTRIAL GROUP BERHAD
Address	15th Floor, No. 566 Jalan Ipoh Kuala Lumpur 51200 Wilayah Persekutuan Malaysia.
Company No.	8444-W
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	28 Jan 2019	40,410,044	Others	Direct Interest
	Name of registered holder	Melewar Industrial Group Berhad
	Address of registered holder	15th Floor, No. 566 Jalan Ipoh, 51200 Kuala Lumpur
	Description of "Others" Type of Transaction	Rights Shares

Circumstances by reason of which change has occurred	Subscription of shares pursuant to the Rights Issue with Warrants
Nature of interest	Direct Interest
Direct (units)	242,460,265
Direct (%)	74.133
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	242,460,265
Date of notice	31 Jan 2019
Date notice received by Listed Issuer	31 Jan 2019

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2018	31 Dec 2017	31 Dec 2018	31 Dec 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	188,368	199,159	385,079	378,909
2	Profit/(loss) before tax	-4,870	6,737	-2,480	14,845
3	Profit/(loss) for the period	-3,832	5,163	-2,383	10,970
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,832	5,163	-2,383	10,970
5	Basic earnings/(loss) per share (Subunit)	-1.35	1.82	-0.84	3.87
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.3800		1.3800

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	157,036	206,877	542,115	585,786
2	Profit/(loss) before tax	-6,232	5,553	-8,712	20,398
3	Profit/(loss) for the period	-4,866	3,879	-7,249	14,849
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,866	3,879	-7,249	14,849
5	Basic earnings/(loss) per share (Subunit)	-1.54	1.33	-2.43	5.11
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4000		1.3800

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	152,369	207,588	694,484	793,374
2	Profit/(loss) before tax	-981	2,143	-9,693	22,541
3	Profit/(loss) for the period	-4,870	1,252	-12,119	16,101
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,870	1,252	-12,119	16,101
5	Basic earnings/(loss) per share (Subunit)	-1.49	0.43	-3.96	5.54
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2100		1.3800

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Type	Announcement
Subject	OTHERS
Description	MYCRON STEEL BERHAD ("MSB" OR "THE GROUP")REVALUATION OF PROPERTY, PLANT AND EQUIPMENT
1.   INTRODUCTION Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MSB (“the Board”) wishes to announce that MSB had undertaken a revaluation exercise on the land, buildings, plant, machinery and electrical installation held by the Group. The Board had at its meeting held on 27 August 2019 approved the valuation reports and the incorporation of the revaluation surplus arising from the revaluation in the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2019. 2.   PURPOSE The revaluation was carried out in accordance with the Group’s accounting policy to determine the fair value of the Group’s property, plant and equipment comprising the land, building, plant, machinery and electrical installation periodically, with sufficient regularity. 3.   REVALUATION SURPLUS The details of the revaluation surplus are set out below: Location of the Property, Plant and Equipment Type of Property, Plant and Equipment Valuer/Valuation date Market Value  (RM) Revaluation Surplus/(Deficit) (RM) Lot 53, Persiaran Selangor 40200 Shah Alam, Selangor Industrial land and factory cum office building (Leasehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2019 29,300,000 1,562,417 Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2019 7,433,000 369,056 No.49, Jalan Utas 15/7, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2019 8,062,000 (146,515) Lot 10, Persiaran Selangor, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2019 17,572,000 36,582 Lot 16, Jalan Pengapit 15/19, 40200 Shah Alam, Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2019 46,000 992 Lot 717, Jalan Sungai Rasau, Seksyen 16, 40200 Shah Alam, Selangor Industrial land and factory cum office building (Freehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2019 109,700,000 2,411,797 Plant, machinery & electrical installation PA International Property Consultants (KL) Sdn Bhd 30 June 2019 137,582,000 (1,167,496) 309,695,000 3,066,833 NOTE      Land and building comprise of:                                                                              RM upward revaluation                                    3,974,214    Revaluation surplus Plant, machinery & electrical installation comprise of:                                                                              RM upward revaluation                                   473,820       Revaluation surplus downward revaluation                              (1,381,201)      Charge to profit or loss as impairment loss 4.   EFFECT ON NET ASSETS PER SHARE Based on the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2019, the net assets value per share of MSB will be increased by RM0.012 to RM1.21 upon incorporation of the revaluation surplus, net of deferred tax, of RM3,786,506. 5.   DOCUMENTS AVAILABLE FOR INSPECTION The valuation reports of the property, plant and equipment are available for inspection at the Registered Office of MSB at Suite 11.05, 11th Floor, No.566, Jalan Ipoh, 51200 Kuala Lumpur during normal business hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 28 August 2019.

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2019	30 Sep 2018	30 Sep 2019	30 Sep 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	183,963	196,711	183,963	196,711
2	Profit/(loss) before tax	1,027	2,390	1,027	2,390
3	Profit/(loss) for the period	433	1,449	433	1,449
4	Profit/(loss) attributable to ordinary equity holders of the parent	433	1,449	433	1,449
5	Basic earnings/(loss) per share (Subunit)	0.13	0.50	0.13	0.50
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2100		1.2100

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2019	31 Dec 2018	31 Dec 2019	31 Dec 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	173,979	188,368	357,942	385,079
2	Profit/(loss) before tax	-3,052	-4,870	-2,025	-2,480
3	Profit/(loss) for the period	-3,115	-3,832	-2,682	-2,383
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,115	-3,832	-2,682	-2,383
5	Basic earnings/(loss) per share (Subunit)	-0.95	-1.32	-0.82	-0.82
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2000		1.2100

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MYCRON STEEL BERHAD

Date of change	29 May 2020
Name	DATO TUNKU DATO' KAMIL IKRAM BIN TUNKU TAN SRI ABDULLAH
Age	64
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Non Independent and Non Executive
Type of change	Vacation Of Office
Reason	Non-compliance of attendance at the Board of Directors' meeting for the financial year ended 30 June 2020 due to ill health.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of shareholders	No

Qualifications

No	Qualifications	Major/Field of Study	Institute/University	Additional Information
1	Masters	Hotel Management and Marketing	Boston University

Working experience and occupation	Tunku Dato Kamils first job in 1979 was at the Hyatt Regency Hotel in Kuantan, where he served as Assistant Manager and later as Credit Manager. Following this, the diversified family organisation Melewar beckoned and the early 80s saw Tunku Dato Kamil immersed in its diverse businesses, as Group Operations Director. Following the acquisition of two (2) public listed companies, Granite Industries Bhd and Malaysian Assurance Alliance Berhad (now known as Zurich Life Insurance Malaysia Berhad) in the mid 80s, he was appointed as the Special Projects Director and oversaw several projects, covering different industries and disciplines. In 1989, he went to Boston to do his MBA, returning in 1991 to continue his responsibilities with Melewar and Granite Industries Bhd. He also briefly served on the Board of TDM Bhd.In mid 90s, Tunku Dato Kamil set up a multi-concept entertainment business in Kuala Lumpur and Penang. This then saw him offering his expertise to start-up similar businesses in Southern Thailand and in Bangkok, where he also consulted for foreign companies in diverse areas such as communications, trading and defense.Currently, as Associate Director of Business Development, Tunku Dato Kamil spends his time evaluating new projects and finalising plans to develop his beachfront land in Cherating, Pahang for which he has incorporated a company, Ribuan Bakat Sdn Bhd, a land holding company.
Family relationship with any director and/or major shareholder of the listed issuer	Tunku Dato' Kamil is the brother to Tunku Dato' Yaacob Khyra, the Executive Chairman of the Company.
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	62,760 (0.02%) (Indirect interest)

Remarks :

Tunku Dato' Kamil has been ill and as such was unable to attend the Board meetings of the Company.Tunku Dato' Kamil Ikram bin Tunku Tan Sri Abdullah is a director and a shareholder with 12.5% shareholdings in Melewar Group Berhad ("MGB") which is the family owned investment holding company. MGB holds 0.02% of the issued share capital of Mycron.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2020	31 Mar 2019	31 Mar 2020	31 Mar 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	145,938	157,036	503,880	542,115
2	Profit/(loss) before tax	-2,742	-6,232	-4,767	-8,712
3	Profit/(loss) for the period	-3,489	-4,866	-6,171	-7,249
4	Profit/(loss) attributable to ordinary equity holders of the parent	-3,489	-4,866	-6,171	-7,249
5	Basic earnings/(loss) per share (Subunit)	-1.07	-1.54	-1.89	-2.43
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1900		1.2100

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2020	30 Jun 2019	30 Jun 2020	30 Jun 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	92,221	152,369	596,101	694,484
2	Profit/(loss) before tax	-5,774	-981	-10,541	-9,693
3	Profit/(loss) for the period	-4,386	-4,737	-10,557	-11,986
4	Profit/(loss) attributable to ordinary equity holders of the parent	-4,386	-4,737	-10,557	-11,986
5	Basic earnings/(loss) per share (Subunit)	-1.34	-1.45	-3.23	-3.92
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1800		1.2100

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Type	Announcement
Subject	OTHERS
Description	MYCRON STEEL BERHAD ("MSB" OR "THE GROUP")- REVALUATION OF PROPERTY, PLANT AND EQUIPMENT
1.   INTRODUCTION Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MSB (“the Board”) wishes to announce that MSB had undertaken a revaluation exercise on the land, buildings, plant, machinery and electrical installation held by the Group. The Board had at its meeting held on 27 August 2020 approved the valuation reports and the incorporation of the revaluation surplus arising from the revaluation in the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2020. 2.   PURPOSE The revaluation was carried out in accordance with the Group’s accounting policy to determine the fair value of the Group’s property, plant and equipment comprising the land, building, plant, machinery and electrical installation periodically, with sufficient regularity. 3.   REVALUATION SURPLUS The details of the revaluation surplus are set out below: Location of the Property, Plant and Equipment Type of Property, Plant and Equipment Valuer/Valuation date Market Value  (RM) Revaluation Surplus/(Deficit) (RM) Lot 53, Persiaran Selangor 40200 Shah Alam, Selangor Industrial land and factory cum office building (Leasehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2020 29,300,000 752,927 Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2020 6,738,000 (100,729) Location of the Property, Plant and Equipment Type of Property, Plant and Equipment Valuer/Valuation date Market Value (RM) Revaluation Surplus/(Deficit) (RM) No.49, Jalan Utas 15/7, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2020 7,673,000 (186,244) Lot 10, Persiaran Selangor, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2020 16,189,000 (208,946) Lot 16, Jalan Pengapit 15/19, 40200 Shah Alam, Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2020 44,000 1,058 Lot 717, Jalan Sungai Rasau, Seksyen 16, 40200 Shah Alam, Selangor Industrial land and factory cum office building (Freehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2020 107,500,000 (405,827) Plant, machinery & electrical installation PA International Property Consultants (KL) Sdn Bhd 30 June 2020 152,513,000 (1,340,398) 319,957,000 (1,488,159) NOTE Land and building comprise of:                                                                          RM upward revaluation                           347,099     Revaluation surplus Plant, machinery & electrical installation comprise of:                                                                          RM upward revaluation                           469,541       Revaluation surplus downward revaluation                      (2,304,799)  Charge to profit or loss as impairment loss 4.   EFFECT ON NET ASSETS PER SHARE Based on the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2020, the net assets value per share of MSB will be increased by RM0.002 to RM1.18 upon incorporation of the revaluation surplus, net of deferred tax, of RM620,647. 5.   DOCUMENTS AVAILABLE FOR INSPECTION The valuation reports of the property, plant and equipment are available for inspection at the Registered Office of MSB at Suite 11.05, 11th Floor, No.566, Jalan Ipoh, 51200 Kuala Lumpur during normal business hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 28 August 2020.

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2020

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2020	30 Sep 2019	30 Sep 2020	30 Sep 2019
		$$'000	$$'000	$$'000	$$'000

1	Revenue	156,004	183,963	156,004	183,963
2	Profit/(loss) before tax	5,359	1,027	5,359	1,027
3	Profit/(loss) for the period	3,885	433	3,885	433
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,885	433	3,885	433
5	Basic earnings/(loss) per share (Subunit)	1.19	0.13	1.19	0.13
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.1900		1.1800

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2021

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2021	30 Sep 2020	30 Sep 2021	30 Sep 2020
		$$'000	$$'000	$$'000	$$'000

1	Revenue	146,880	156,004	146,880	156,004
2	Profit/(loss) before tax	10,300	5,359	10,300	5,359
3	Profit/(loss) for the period	7,895	3,885	7,895	3,885
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,895	3,885	7,895	3,885
5	Basic earnings/(loss) per share (Subunit)	2.41	1.19	2.41	1.19
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.3900		1.3700

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	237,849	159,177	801,812	539,995
2	Profit/(loss) before tax	11,634	-447	20,722	-13,834
3	Profit/(loss) for the period	10,047	11,057	18,845	-1,218
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,047	11,057	18,845	-1,218
5	Basic earnings/(loss) per share (Subunit)	2.50	-0.02	5.19	-3.77
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5700		1.5100

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Type	Announcement
Subject	OTHERS
Description	MYCRON STEEL BERHAD ("MSB" OR "THE GROUP")- REVALUATION OF PROPERTY, PLANT AND EQUIPMENT
1.   INTRODUCTION Pursuant to Paragraph 9.19(46) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of MSB (“the Board”) wishes to announce that MSB had undertaken a revaluation exercise on the land, buildings, plant, machinery and electrical installation held by the Group. The Board had at its meeting held on 28 August 2024 approved the valuation reports and the incorporation of the revaluation surplus arising from the revaluation in the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2024. 2.   PURPOSE The revaluation was carried out in accordance with the Group’s accounting policy to determine the fair value of the Group’s property, plant and equipment comprising the land, building, plant, machinery and electrical installation periodically, with sufficient regularity. 3.   REVALUATION SURPLUS The details of the revaluation surplus are set out below: Location of the Property, Plant and Equipment Type of Property, Plant and Equipment Valuer/Valuation date Market Value  (RM) Revaluation Surplus/(Deficit) (RM) Lot 53, Persiaran Selangor 40200 Shah Alam, Selangor Industrial land and factory cum office building (Leasehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2024 32,100,000 963,075 Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2024 6,236,000 72,680 No.49, Jalan Utas 15/7, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2024 11,208,000 (218,130) Lot 10, Persiaran Selangor, 40200 Shah Alam Selangor Plant, machinery PA International Property Consultants (KL) Sdn Bhd 30 June 2024 13,940,000 56,453 Lot 717, Jalan Sungai Rasau, Seksyen 16, 40200 Shah Alam, Selangor Industrial land and factory cum office building (Freehold) PA International Property Consultants (KL) Sdn Bhd 30 June 2024 119,500,000 3,161,986 Plant, machinery & electrical installation PA International Property Consultants (KL) Sdn Bhd 30 June 2024 142,102,000 (1,059,250) 325,086,000 2,976,814       NOTE Land and building comprise of:                                                                          RM upward revaluation                                 3,059,773      Revaluation surplus upward revaluation                                 1,065,288      Writeback of impairment to profit or loss Plant, machinery & electrical installation comprise of:                                                                          RM downward revaluation                             (594,368)     Revaluation deficit downward revaluation                             (553,878)     Charge to profit or loss as impairment 4.   EFFECT ON NET ASSETS PER SHARE Based on the fourth quarter unaudited financial results of MSB for the financial year ended 30 June 2024, the net assets value per share of MSB will be increased by RM0.006 to RM1.57 upon incorporation of the revaluation surplus, net of deferred tax, of RM1,873,707. 5.   DOCUMENTS AVAILABLE FOR INSPECTION The valuation reports of the property, plant and equipment are available for inspection at the Registered Office of MSB at Suite 11.05, 11th Floor, No.566, Jalan Ipoh, 51200 Kuala Lumpur during normal business hours from Monday to Friday (except for Public Holidays) for a period of three (3) months from the date of this announcement. This announcement is dated 29 August 2024.