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					DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                            UNAUDITED CONDENSED CONSOLIDATED INCOME STATEMENTS

                                                                    Individual Period                 Cumulative Period
                                                                               Preceding Year                   Preceding Year
                                                               Current Year Corresponding       Current Year To Corresponding
                                                     Note           Quarter           Quarter              Date         Period
                                                                   31/12/05          31/12/04          31/12/05         31/12/04
                                                                    RM'000            RM'000            RM'000           RM'000


Revenue                                                            78,610           98,661            252,553         213,769
Cost of sales                                                     (28,613)         (72,664)          (140,200)       (131,808)

Gross profits                                                      49,997           25,997            112,353           81,961
Other operating income                                              3,071           17,137             30,760           28,894
Operating expenses                                                (36,242)         (15,496)           (85,360)         (55,505)

Profit from operations                                             16,826           27,638             57,753          55,350
Finance costs                                                        (138)            (663)            (1,521)         (2,515)
Share of results of associated companies                             (347)             236              1,148           1,572

Profit before tax                                    A8            16,341           27,211             57,380           54,407
Taxation                                             B5            (8,011)         (12,837)           (19,421)         (11,919)
  Company and subsidiaries                                         (7,889)         (12,826)           (18,965)         (11,518)
  Associates                                                         (122)             (11)              (456)            (401)

Profit after tax                                                    8,330           14,374             37,959          42,488
Minority interests                                                 (3,314)           1,785             (8,766)           (942)

Net profit for the period                                           5,016           16,159             29,193          41,546

Earnings per share (sen)
Basic                                                B13               1.9              6.2              11.2             16.0

The Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements for the year
ended 31 December 2004 and the accompanying explanatory notes attached to the interim financial statements.


Note on Operating Expenses
Included in the Operating Expenses is
provision for diminution in value of shares
as follows:                                                        15,767                 -            31,523            2,511




                                                                                                                                   1
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                         UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                                                                         As At       As At
                                                           Note     31/12/2005   31/12/2004
                                                                       RM'000       RM'000
Non-current assets
   Property, plant and equipment                           A9         276,855     286,645
   Land held for development                                           47,540      15,456
   Investment in associated companies                                  46,159      45,467
   Other investments                                       B7          24,244      51,318
   Security retainers accumulation fund                                 2,332       2,166

                                                                      397,130     401,052

Current assets
    Development properties                                            301,034     358,779
    Inventories                                                        28,561      36,159
    Trade and other receivables                                        44,610      59,167
    Marketable securities                                  B7          19,450      25,191
    Cash and bank balances                                            161,745     135,470

                                                                      555,400     614,766
Current liabilities
    Provision for liabilities                                             445         433
    Short term borrowings                                  B9          24,082      31,238
    Trade and other payables                                          129,258     213,803
    Tax payable                                                        11,353       7,359

                                                                      165,138     252,833
Net current assets                                                    390,262     361,933


                                                                      787,392     762,985




                                                                                              2
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                            UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

                                                                                                    As At                As At
                                                                                 Note          31/12/2005            31/12/2004
                                                                                                  RM'000                RM'000
Capital and reserves
Share capital                                                                                   259,526               259,526
Reserves                                                                                        258,405               229,648

                                                                                                517,931               489,174
Minority Interests                                                                               68,706                61,363
Negative goodwill, net                                                                           14,015                15,230

                                                                                                600,652               565,767

Non-current liabilities
   Long term borrowings                                                         B9                  -                   1,578
   Deferred taxation                                                                             88,913                98,775
   Sinking fund reserve                                                                           3,524                 2,810
   Security retainers                                                                            27,370                27,370
   Deferred license fees                                                                         66,933                66,685

                                                                                                186,740               197,218
                                                                                                787,392               762,985

Net assets per share (RM)                                                                           2.26                  2.12

The Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements for the year
ended 31 December 2004 and the accompanying explanatory notes attached to the interim financial statements.




                                                                                                                                   3
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                 UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

                                                                                       Reserves
                                                                                Share Attributable   Accumulated
                                                          Share Capital      Premium To Capital          Losses            Total
                                                                RM'000        RM'000        RM'000        RM'000        RM'000



As at 1 January 2004                                          259,526       402,654           365      (211,180)      451,365
Net profit for the period                                         -             -             -          41,546        41,546
Dividends                                                         -             -             -          (3,737)       (3,737)
As at 31 December 2004                                        259,526       402,654           365      (173,371)      489,174

As at 1 January 2005                                          259,526       402,654           365      (173,371)      489,174
Net profit for the period                                         -             -             -          29,193        29,193
Revaluation of land                                                                         5,517                       5,517
Foreign exchange differences, representing net
  gains not recognised in the income statement                    -             -            (347)          -            (347)
Dividends                                                         -             -             -          (5,606)       (5,606)
As at 31 December 2005                                        259,526       402,654         5,535      (149,784)      517,931




The Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements for the year
ended 31 December 2004 and the accompanying explanatory notes attached to the interim financial statements.




                                                                                                                                   4
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                           UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT

                                                                                                            Quarter ended
                                                                                                           31/12/05       31/12/04
                                                                                                           RM'000         RM'000
Net cashflow generated from operating activities                                                           32,161            47,251

Net cashflow from investing activities                                                                      6,417              4,795

Net cashflow used in financing activities                                                                 (10,255)          (27,654)

Net increase in cash and cash equivalents                                                                  28,323            24,392

Cash and cash equivalents at beginning of financial period                                                131,863           107,471

Cash and cash equivalents at end of financial period *                                                    160,186           131,863

* Cash and cash equivalents at end of the financial period comprise the following:
                                                                                                           Quarter ended
                                                                                                        30/9/2005      30/9/2004
                                                                                                         RM'000          RM'000
Cash and bank balances                                                                                   161,745         135,470
Less: Bank overdrafts                                                                                     (1,239)         (3,159)

                                                                                                          160,506           132,311
Less: Cash and cash equivalents not available for use                                                        (320)             (448)

                                                                                                          160,186           131,863

The Condensed Consolidated Financial Statements should be read in conjunction with the audited financial statements for the year ended
31 December 2004 and the accompanying explanatory notes attached to the interim financial statements.




                                                                                                                                         5
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                    PART A - EXPLANATORY NOTES IN COMPLIANCE WITH FRS 134, PARAGRAPH 16

A1. Basis of preparation
    These interim financial statements are unaudited and have been prepared in accordance with the requirements of
    Financial Reporting Standard ("FRS") 134: Interim Financial Reporting and Paragraph 9.22 of the Bursa Malaysia
    Securities Bhd Listing Requirements and should be read in conjunction with the Group's annual audited financial
    statements for the year ended 31 December 2004.
     These explanatory notes attached to the interim financial statements provide an explanation of events and
     transactions that are significant to an understanding of the changes in the financial position and performance of the
     Group since the year ended 31 December 2004.
     The accounting policies and methods of computation adopted by the Group in these interim financial statements are
     consistent with those adopted in the annual audited financial statements for the year ended 31 December 2004,
     except for adoption of the relevant new accounting standards, which became effective from 1 January 2005.

A2. Auditors' report on preceding annual financial statements
    The auditors' report of the Group's most recent annual audited financial statements for the year ended 31 December
    2004 was not qualified.

A3. Seasonal or cyclical factors
    The Group's business operations during the period under review have not been significantly affected by any
    seasonal/ cyclical factor.

A4   Nature and amount of items affecting assets, liabilities, equity, net income or cash flows that are unusual
     because of their nature, size or incidence
     There were no unusual items affecting assets, liabilities, equity, net income or cash flows during the financial period
     under review.

A5. Changes in estimates of amounts reported in prior interim periods of the current financial year or in prior
    financial year
    The Group has not submitted any financial forecast or projection to any regulatory body in prior financial years. As
    such, there were no changes in estimates of amounts reported in prior financial years that have a material effect in
    the current quarter.

A6. Debt and equity securities
    There were no issuances and repayment of debts and equity securities, share repurchases, share cancellations,
    shares held as treasury shares and resale of treasury shares for the current financial period.

A7. Dividends paid
    There was no dividend paid during the 4th quarter ended 31 December 2005.




                                                                                                                           6
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

A8. Segmental information
                                              Real property
                                                 and resort     Engineering
      Business segment analysis               development        and trading     Investment          Others   Consolidated
                                                    RM'000           RM'000          RM'000          RM'000        RM'000
      YTD ended 31 December 2005
      Revenue                                     226,911           24,944             698              -        252,553

      Results from operations                       64,434             622           (7,621)            318       57,753
      Finance cost                                    (141)           (123)          (1,257)            -         (1,521)
      Share of results of                                                                                            -
        associated companies                           -               -              1,148                        1,148
      Profit/ (Loss) before tax                     64,293             499           (7,730)            318       57,380

      YTD ended 31 December 2004
      Revenue                                     194,565           18,836             368              -        213,769

      Results from operations                       55,852          (1,595)          (5,575)          6,668       55,350
      Finance cost                                    (605)            (75)          (1,835)            -         (2,515)
      Share of results of                                                                                            -
        associated companies                           -               -              1,572             -          1,572
      Profit/(Loss) before tax                      55,247          (1,670)          (5,838)          6,668       54,407

A9    Valuations of property, plant and equipment
      The valuations of property, plant and equipment have been brought forward without any amendment from the audited
      financial statements for the year ended 31 December 2004.

A10. Subsequent events
     There were no material transaction or event subsequent to the end of the current financial quarter up to the date of
     this report.

A11. Changes in composition of the Group
     As announced on 23 December 2005, Izasaja Sdn Bhd, an indirect wholly-owned subsidiary of the Company has
     been liquidated.

A12. Changes in contingent liabilities or contingent assets
     There were no significant changes in contingent liabilities since the last annual balance sheet date.
     There were no contingent assets.

A13. Capital commitments
     There were no capital commitments not provided for in the financial statements as at 31 December 2005.




                                                                                                                            7
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

                    PART B - EXPLANATORY NOTES IN COMPLIANCE WITH BURSA MALAYSIA
                               REQUIREMENT UNDER PART A OF APPENDIX 9B

B1. Review of performance
    The Group recorded a revenue of RM78.6 million for the fourth quarter ended 31 December 2005, as compared to
    RM98.7 million for the same period last year. The current quarter's profit before taxation was RM16.3 million
    compared to RM27.2 million for the corresponding period last year due mainly to a provision for diminution in value of
    investment in quoted securities

     The Group recorded improved revenue of RM252.6 million and profit before taxation of RM57.3 million for the year
     ended 31 December 2005 year which are attributable to higher revenue recognition from its property development
     projects during the year.

B2. Variation of results against preceding quarter
                                                                                                        Quarter ended
                                                                                                       31/12/05       30/9/05
                                                                                                        RM’000        RM’000
     Revenue                                                                                           78,610           58,759
     Consolidated profit before taxation                                                               16,341           12,321

     The Group recorded a revenue of RM78.6 million for the current quarter under review compared to RM58.7 million in
     the preceding quarter. The current quarter's profit before tax was also higher at RM16.3 million compared to RM12.3
     million for the previous quarter.

B3. Prospects
    Barring any unforeseen circumstances, the Board is optimistic about the performance of the Group for next year.

B4. Profit forecast or profit guarantee
    Not applicable.

B5. Taxation
                                                                     Individual quarter ended                Year to date ended
                                                                     31/12/05         31/12/04         31/12/05         31/12/04
                                                                      RM'000           RM'000           RM'000           RM'000
     Tax expense for the period                                       20,934           2,009            32,179           22,960
     Deferred taxation transfers                                      (8,690)         10,817           (13,919)         (12,193)
                                                                      12,244          12,826            18,260           10,767
     Share of taxation of associated company                             122               11              456              401
                                                                      12,366          12,837            18,716           11,168
     (Over)/ Under provision in prior years                           (4,355)            -                 705              751
                                                                       8,011          12,837            19,421           11,919

     The Group's effective taxation rate is disproportionate to its financial results mainly due non-availability of group relief
     for losses incurred by certain subsidiary companies, and certain expenses which are disallowed for taxation




                                                                                                                                   8
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

B6. Sale of unquoted investments and/ or properties
    There were no sale of unquoted investments and/or properties outside the ordinary course of the Group's business
    for the financial period under review.

B7. Quoted securities
                                                                                             Current    Current year
                                                                                              quarter        to date
                                                                                             31/12/05       31/12/05
                                                                                              RM'000         RM'000
     Total purchases                                                                              Nil            Nil
     Total disposals                                                                            901          4,786
     Total gain/ (loss) on disposals                                                             (2)           (17)

                                                                                                               As at
                                                                                                            31/12/05
                                                                                                             RM'000
     At cost                                                                                             116,385
     At carrying value/ book value                                                                        43,694
                value
     At market 21 April 2002,2002, Nagasari Cerdasacquired 2 a wholly-owned of RM1.00Company, acquired100%43,694
           On August 2002, Bakat Rampai Sdn Bhd, a wholly-owned subsidiary of the each Company, the balance  into
         On 8 10 February Dijaya Land Sdn Bhd Sdn Bhd, ordinary shares subsidiary of therepresentingentered of thea

B8. Corporate proposals 2002, Nagasari Cerdasacquired 2 a wholly-owned of RM1.00Company, acquired100% of thea
          On 10 February Bakat Rampai Sdn Bhd, a wholly-owned subsidiary of the each Company, the balance
              August 2002,
        On 8 21 April 2002, Dijaya Land Sdn Bhd Sdn Bhd, ordinary shares subsidiary of therepresentingentered into
    There has been the status of corporate proposals and equity securities, share buy back, share
    The following areno issuance or repayment of debt that have been announced by the Company: cancellation, shares

     (a)
          As announced previously, Sinbor Corporation Sdn Bhd ("Sinbor") had entered into a Call and Put Option
           has been with Dyno or repayment of debt and equity securities, Tenaga back, share cancellation, shares
     ThereAgreementno issuanceNobel ASA in respect of 3,360,000 shares inshare buyKimia Bhd ("Option Shares") held
           has been no price of or repayment of debt and equity securities, share buy back, share cancellation,
     Thereby Sinbor at a issuanceRM1.50 per Option Share. Since then, there has been no further development. shares

B9. Borrowings
    Particulars of the Group's borrowings are as follows:
                                                                                                As at          As at
                                                                                             31/12/05       31/12/04
                                                                                              RM'000         RM'000
     Secured short-term borrowings                                                           24,082         31,238
     Secured long-term borrowings                                                               -            1,578
                                                                                             24,082         32,816
     All of the above borrowings are denominated in Ringgit Malaysia.

B10. Off balance sheet financial instruments
     There were no off balance sheet arrangements entered into nor were there any off balance sheet financial
     instruments issued as at the date of this report.




                                                                                                                       9
DIJAYA CORPORATION BERHAD
(Company No. 47908-K)
INTERIM FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 DECEMBER 2005

B11. Material litigation
     There has operatingquarter's resort segment expected to perform well for thecurrent as which yearpre-tax with of
     The Group's real property and results or claim asaat the date of tax ofthe coming value financial real to 5% of a
                   second performance is registered profit before this RM10.4 months against a property and
     The Group'sbeen no material litigationgenerally continued to improve in report,the million of with theexceedsdatelossthe
     Group's net operatingquarter's resultssegment expected to perform well coming months againstreal to date with a
     The Group's tangible assets. resort generally continued to improve in thefor the million aswith theyearpre-tax loss of
                   second performance is registered a profit before tax of RM10.4 current financial a property and
     The Group's real property and

     Dividend payable performance is segment expected to perform well coming months againstreal to date with a
B12. The Group's operatingquarter's resort generally continued to improve in thefor the million aswith theyearpre-tax loss of
                  second
     The Group's real property and results registered a profit before tax of RM10.4 current financial a property and
     Further to of Directors has declared a first ("MOU") dated 18 August 2001 between the of RM1.00 each
     The Boardthe Memorandum of Understandingand final dividend of 4% per ordinary share Company and theless 28%
     income tax for the year ended 31 December 2005. (2004:3%). The proposed dividend payment is subject to
     shareholders' approval at the forthcoming Annual General Meeting of the Company.

B13. Earnings per share
     (a) Basic earnings per ordinary share
          Basic earnings per ordinary share is calculated by dividing the net profit for the period by the weighted average
          number of ordinary shares in issue during the period.
                                                                                                   3 months        3 months
                                                                                                     ended            ended
                                                                                                    31/12/05        31/12/04
            Net profit for the period (RM'000)                                                       5,016          16,159
            Weighted average number of ordinary shares ('000)                                      259,526         259,526

            Basic earnings per share (sen)                                                              1.9             6.2

      (b)   Diluted earnings per ordinary share
            Not applicable




By Order of the Board
Jessica Low Nyoke Fun
Secretary
Petaling Jaya
28 February 2006




                                                                                                                           10

				
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