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Quarterly Report On The First Quarter Ended 31 March 2009

Unaudited Condensed Consolidated Income Statements

Unaudited Condensed Consolidated Balance Sheets

Review Of Performance

The Group recorded an operating loss of RM137.9 million for the first quarter ended 31 March 2009 (Quarter ended 31 March 2008: RM132.9 million profit) mainly due to lower operating revenue in line with the declining trend in global travel and cargo movements resulting from the current economic downturn.

The Group recorded a net loss of RM694.8 million (Quarter ended 31 March 2008: RM120.5 million profit) which includes derivative loss of RM557.0 million due to to the early adoption of FRS 139.

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