Financial Performance

Quarterly Report For The Financial Period Ended 31 December 2017

Financials Archive

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Summary Of Key Financial Information 31 December 2017

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  Individual Period Cumulative Period
Current Year Quarter Preceding Year
Corresponding Quarter
Current Year To Date Preceding Year
Corresponding Period
31 Dec 2017 31 Dec 2016 31 Dec 2017 31 Dec 2016
RM'000 RM'000 RM'000 RM'000
Revenue 19,652 12,846 37,492 24,205
Profit/(loss) before tax 2,707 -413 4,421 -1,216
Profit/(loss) for the period 2,341 -364 3,741 -1,238
Profit/(loss) attributable to ordinary equity holders of the parent 2,341 -364 3,741 -1,238
Basic earnings/(loss) per share (Subunit) 2.70 -0.42 4.31 -1.43
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 December 2017

Review of Performance

Group

For the second quarter ended 31 December 2017, the Group recorded a revenue of RM19.7 million, an increase of RM6.8 million or 53% against preceding year's corresponding quarter which was mainly due to increase of revenue in both Manufacturing and Property Division for RM0.5 million and RM4.1million respectively.

During this quarter under review, the Group recorded a profit before tax ("PBT") of RM2.7 million against loss before taxation of RM0.4 million in preceding year's corresponding quarter. A PBT was recorded during this current quarter was mainly due higher profit recorded in Property Divisions.

Manufacturing Division

During current quarter ended 31 December 2017, Manufacturing Division recorded a revenue of RM10.0 million, an increase of RM0.5 million or 5% from RM9.5 million in preceding year's corresponding quarter was due to higher revenue recorded in local market. A loss before tax ("LBT") of RM0.5 million was recorded in current quarter, when compare to LBT of RM0.6 million in preceding year's corresponding quarter. Included in the LBT of RM0.5 million was RM0.18 million of imputed interest expenses on the amount owing by associate.

Property Division

During current quarter ended 31 December 2017, Property Division recorded a revenue of RM9.7 million, an increase of RM6.3 million or 190% from RM3.3 million in preceding year's corresponding quarter was due to higher sales recognition from ongoing project. During this quarter, PBT of RM3.7 million was recorded when compare to PBT of RM0.1 million in preceding year's corresponding quarter which was mainly due to higher sales recognise in current quarter particularly on the commercial suites project.

Current year prospects

The Property Division is expected to contribute positively as construction progress is according to schedule.

While in the Manufacturing Division, the management expect to see improvement in longer term once planned capacity expansion are all in place. The Group is continuously to improve the performance for the remaining period of financial year ending 30 June 2018.

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