7

Chairman’s Statement

Financial Performance

2007

2008

Growth

RM’000

RM’000

+/(-)

Revenue

36,169

26,413

-27%

Profit Before Tax (“PBT”)

14,867

8,599

-42%

Profit After Tax (“PAT”)

14,427

8,324

-42%

ViTrox Group recorded revenue of RM26.41 million in 2008, a decrease of 27%

over the RM36.17 million in previous financial year.

The decrease in revenue was due to lower demand for the machine inspection

system (“MVS”) and electronics communication system (“ECS”).

As a result, the PAT achieved RM8.32 million, a decrease of 42% over RM14.43

million recorded in previous year.

Dividend

A special interim dividend, tax exempt of 0.7 sen per ordinary share each for

financial year ended December 31, 2008 was paid to shareholders on

10 February 2009.

The Board of Directors has recommended a final dividend, tax exempt of 0.4

sen per ordinary share each for the year ended 31 December 2008. If approved

at the forthcoming Annual General Meeting, the total distribution is 1.1 sen

per ordinary share for financial year 2008.

Corporate Development

The shareholders of the Company, by a resolution passed at the Extraordinary

General Meeting held on 21 November 2008, approved the Company’s plan

to purchase its own shares.

The directors are committed to enhancing the value of the Company to its

shareholders and believe that the purchase plan can be applied in the best

interests of the Company and its shareholders.