At GP Batteries the turnover for the three months ended 31 December 2005 was S$233.7 million (appr. US$143,2 million), an increase of 1.2% over the corresponding quarter last year. The consolidated profit before exceptional items increased from S$4.5 million to S$6.5 million. The Group recorded an exceptional loss of S$1.9 million in relation to the closing down and relocation of production facilities for the current quarter. The profit after tax attributable to equity holders of the Company for this quarter was S$3.3 million, against a loss of S$18.5 million for the corresponding quarter last year as the Company made an exceptional provision of S$17.9 million in relation to the funding provided to its 50% Li-Polymer Joint Venture, Danionics Asia.
