Ann: Appendix 3B , page-11

Klogg, you weren't failing it was my mistake. I was away from all my reports, in any case, what I have been thinking is that the 3rd Quarter will only be at around about 3/4 of the average of the first two quarters. There were some major releases at the back-end of 2012 & early in 2013 and I was thinking how that slowed down. It never fails to surprise me how rapidly this company has grown its revenues.

Given the average of the first two quarters is RM168m in GP, 75% of that would be circa RM126m. The 3rd quarter last year was a GP of about RM135m, so given I'm expecting a slowdown, somewhere between RM115 & RM130 would seem a reasonable range for GP.

As I have said before, the quarterly profits for investors can be lumpy & it can be hard to tell when they've hollowed out the pipeline, they seem to be maintaining a decent landbank, so perhaps there wont be too many troughs along the way.

In the last 10 years, after the last 2 major ramp-ups, there was a small trough, so it wouldn't be out of the question that it might happen. They've mentioned a RM16B pipeline though & they aren't even RM1B of the way through that, so maybe the business has matured to the point where they are rolling projects out at a fairly even rate - Eternalgrowth