SILK Holdings Bhd's revenue for the second quarter ended Jan 31,2011, improved by 5.2 per cent to RM60.6 million from the RM57.6 million recorded in same period last year.

Earnings before interest, tax, depreciation and amortisation (EBITDA) declined to RM30.7 million from RM36.9 million previously while loss after tax and minority interest stood at RM3.2 million compared to a profit after tax of
RM0.97 million recorded in the previous year corresponding quarter.

SILK in a statement today said the loss was primarily due to significant
higher depreciation and amortisation cost amounting to RM10.7 million posted in the current quarter compared to the RM7.1 million incurred in the previous
corresponding quarter.

'This resulted from the adoption of the new IC Interpretation 12 in compliance with accounting standards, which applies to all service concessions,' it said.

For the highway infrastructure division, revenue jumped to RM16.7 million
from RM10.7 million previously while the oil and gas support services division's revenue slipped to RM43.9 million from RM46.9 million posted in the previous year corresponding quarter, SILK said. -- Bernama