Financial Performance

Quarterly Report For The Financial Period Ended 31 March 2018

Financials Archive

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Summary Of Key Financial Information 31 March 2018

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  Individual Period Cumulative Period
Current Year Quarter Preceding Year
Corresponding Quarter
Current Year To Date Preceding Year
Corresponding Period
31 Mar 2018 31 Mar 2017 31 Mar 2018 31 Mar 2017
RM'000 RM'000 RM'000 RM'000
Revenue 12,490 12,275 49,982 36,480
Profit/(loss) before tax -1,677 -1,411 2,744 -2,627
Profit/(loss) for the period -1,474 -2,101 2,267 -3,339
Profit/(loss) attributable to ordinary equity holders of the parent -1,474 -2,101 2,267 -3,339
Basic earnings/(loss) per share (Subunit) -1.68 -2.42 2.59 -3.85
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) 0.5100 0.4700

Condensed Consolidated Statement of Financial Position As at 31 March 2018

Review of Performance

Group

For the third quarter ended 31 March 2018, the Group recorded a revenue of RM12.5 million, an increase of RM0.2 million or 2% against preceding year's corresponding quarter which was mainly due to increase of revenue in Property Division.

During this quarter under review, the Group recorded a loss before tax ("LBT") of RM1.7 million against loss before taxation of RM1.4 million in preceding year's corresponding quarter. Higher loss was recorded during this current quarter was mainly due the imputed interest expenses on the amount owing by an associate.

Manufacturing Division

During current quarter ended 31 March 2018, Manufacturing Division recorded a revenue of RM8.9 million, decrease of RM0.2 million or 2% from RM9.1 million in preceding year's corresponding quarter was due festival holiday in the month of February 2018. A loss before tax ("LBT") of RM1.0 million was recorded in current quarter, when compare to LBT of RM0.7 million in preceding year's corresponding quarter. Included in the LBT of RM1.0 million was RM0.5 million of imputed interest expenses on the amount owing by associate.

Property Division

During current quarter ended 31 March 2018, Property Division recorded a revenue of RM3.6 million, an increase of RM0.4 million or 14% from RM3.2 million in preceding year's corresponding quarter was due to higher sales recognition from ongoing project. During this quarter, LBT of RM0.2 million was recorded when compare to LBT of RM0.3 million in preceding year's corresponding quarter.

Current year prospects

In Property Division, the division expects the remaining period performance to be weaker due to the sluggish market condition of the property sector.

While in Manufacturing Division, the management is continuing with concerted efforts to develop new products and continue to improve the gross margin by implementing cost management across the production process.

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