FY08 earnings lower despite higher turnover due to increased materials cost, staff costs n other operating expenses. Co expects satisfactory recurring earnings for FY09. Fr Investment Manual.

AK opines that now lower px in transportation n materails, esp recycle papers(dropped half since mths ago), may ease tension in materials cost. As for staff cost, may follow some current coys practices to tie over the bad period, to reduce operation cost.

Less advertisements n more people go on line to read papers instead of subscribing hard copy could be another areas which may affect the earnings, though not that substantial. Ha ha AK subscribes BT online with only $5 per mth, instead of ard 27 for hard copies loh. Can be much lower if sharing with others with common pass word.

Zaobao, cannot lah, as wife computer forbial.