Financial Performance

Quarterly Report For The Financial Period Ended 31 December 2016

Financials Archive

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.

Summary Of Key Financial Information 31 December 2016

 Please rotate your screen or scroll left and right if you cannot see the table.
  Individual Period Cumulative Period
Current Year Quarter Preceding Year
Corresponding Quarter
Current Year To Date Preceding Year
Corresponding Period
31/12/2016 31/12/2015 31/12/2016 31/12/2015
RM'000 RM'000 RM'000 RM'000
Revenue 12,846 12,577 24,205 23,088
Profit/(loss) before tax -413 -1,405 -1,216 -1,377
Profit/(loss) for the period -364 -1,405 -1,238 -1,377
Profit/(loss) attributable to ordinary equity holders of the parent -364 -1,405 -1,238 -1,377
Basic earnings/(loss) per share (Subunit) -0.42 -1.62 -1.43 -1.59
Proposed/Declared dividend per share (Subunit) 0.00 0.00 0.00 0.00
  As At End Of Current Quarter As At Preceding Financial Year End
Net assets per share attributable to ordinary equity holders of the parent (RM) 0.4600 0.4700

Condensed Consolidated Statement of Financial Position As at 31 December 2016

Review of Performance

Current Quarter

For the second quarter ended 31 December 2016, the Group recorded a revenue of RM12.8 million, an increase of RM0.3 million or 2% against preceding year's corresponding quarter which is mainly attributed from Manufacturing Division.

During this quarter under review, loss before tax ("LBT") of RM0.4 million is recorded, reduction of loss by RM1.0 million when compare to preceding year's corresponding quarter. The reduction in LBT is mainly due to better performance in Property Division.

Manufacturing Division

For the second quarter ended 31 December 2016, Manufacturing Division recorded a revenue of RM9.5 million, an increase of revenue of RM0.7 million or 8% from RM8.8 million in preceding year's corresponding quarter. LBT of RM0.7 million is recorded in current quarter, when compare to LBT of RM0.3 million in preceding year's corresponding quarter. The increase in LBT is mainly due to RM0.16 million of allowance for doubtful debts provided in current quarter.

Property Division

For the second quarter ended 31 December 2016, Property Division recorded a revenue of RM3.3 million, a decrease of revenue of RM0.5 million or 13% from RM3.8 million in preceding year's corresponding quarter. During this quarter, PBT of RM0.14 million is recorded in current quarter when compare to LBT of RM1.1 million in preceding year's corresponding quarter which is due to sale of higher profit margin units in current quarter.

Current year prospects

The outlook for the Property Division remains challenging amidst government cooling measures. However, the Group is focusing into affordable property for the current financial year, in line with the slower market demand. The Group will continue to improve the performance of Manufacturing Division by improving demand for its product and implementing of cost reduction.

Quicklink