General Announcement

Reference No KT-080228-53655

Company Name	:	KONSORTIUM TRANSNASIONAL BERHAD
Stock Name	:	KTB
Date Announced	:	28/02/2008


Type	:	Announcement
Subject	:	Profit Forecast

Contents :

1. Introduction

Pursuant to Paragraph 9.19 of the KLSE Listing Requirements, we wish to announce on the deviation of 44% between the profit after tax set out in the Konsortium Transnasional Berhad's ("Company") Propectus dated 25 May 2007 and the Company's actual result for the financial year ending 31 December 2007.

2. Comparison between Profit Forecast and Actual Result

Save for the profit forecast of RM15.1 million set out in the Company's Prospectus, the Company did not issue any forecast for the current financial year. The comparison between the profit forecast and the actual result is as follows:-

	Actual RM'000	Forecast RM'000	Deviation RM'000	Deviation %
Profit after tax and minority interest	8,392	15,099	(6,707)	44%

3. Reconciliation between the actual and forecasted figures

The reconciliation between the actual and forecasted figures is as follows:-

	RM'000	Explanation
Actual profit after tax and minority interest	8,392
Add:-
a) Competition from Rapid KL in the Company's prime route in Selangor and Kuala Lumpur.	1,300	Due to the unexpected presence and competition from Rapid KL in the Company's prime route, the Company's revenue has been adversely affected.
b) Shortfall in the progressive addition of 113 buses for KL route as per the Company's original plan.	900	Due to the presence and competition from Rapid KL from (a) above which was unexpected, the Company is unable to utilize the buses in this route productively.
c) Impact of monsson season in December on the Company's East Coast operation.	1,800	Due to the excessive flooding and natural calamities in the monsoon month of December, the buses were unable to operate and this has again adversely affected the Company's revenue. Furthermore, there is no cost savings due to the fixed nature of the overheads.
d) Impact of the unsubsidised diesels.	2,800	In the Company's earlier forecast, the Company expected the subsidized fuel of RM1.43/litre to be available to the Company throughout the year on the understanding that the Company has with the regulatory authorities. However, this has not been the case, which thereafter cost the Company RM1.58/litre for the 40% of the total fuel comsumption during the year.
Amended Profit	15,192