Financial Performance

Quarterly Report For The Financial Period Ended 31 March 2017

Financials Archive

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Summary Of Key Financial Information 31 March 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 Mar 2017 31 Mar 2016 31 Mar 2017 31 Mar 2016
RM'000 RM'000 RM'000 RM'000
Revenue 12,275 13,693 36,480 36,781
Profit/(loss) before tax -1,411 614 -2,627 -763
Profit/(loss) for the period -2,101 614 -3,339 -763
Profit/(loss) attributable to ordinary equity holders of the parent -2,101 614 -3,339 -763
Basic earnings/(loss) per share (Subunit) -2.42 0.71 -3.85 -0.88
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) 0.4300 0.4700

Condensed Consolidated Statement of Financial Position As at 31 March 2017

Review of Performance

Current Quarter

For the third quarter ended 31 March 2017, the Group recorded a revenue of RM12.3 million, a decrease of RM1.4 million or 10% against preceding year's corresponding quarter which was mainly due to decrease in revenue in Property Division.

During this quarter under review, loss before tax ("LBT") of RM1.4 million was recorded, increase in LBT by RM2.0 million when compared to preceding year's corresponding quarter. The increase in LBT was mainly due losses recorded in both Manufacturing and Property Divisions.

Manufacturing Division

Current quarter ended 31 March 2017, Manufacturing Division recorded a revenue of RM9.1 million, an increase of revenue of RM0.8 million or 10% from RM8.3 million in preceding year's corresponding quarter. LBT of RM0.7 million was recorded in current quarter, when compare to LBT of RM0.6 million in preceding year's corresponding quarter. The increase in LBT was mainly due to RM0.4 million of allowance for doubtful debts provided in current quarter.

Property Division

Current quarter ended 31 March 2017, Property Division recorded a revenue of RM3.1 million, a decrease of RM2.3 million or 43% from RM5.4 million in preceding year's corresponding quarter. During this quarter, LBT of RM0.3 million was recorded in current quarter when compare to profit before tax of RM0.9 million in preceding year's corresponding quarter which was due to lower sales recorded in current quarter.

Current year prospects

The Group will continue its effort in improving its operating results. In Manufacturing Division, the management remains vigilant on the volatility in the prices of plastic resin which makes up a major portion of cost of goods sold of the division. The division will continue to implement a series of process improvement to achieve better overall operational and cost efficiency. While in Property Division, the management is currently promoting the Commercial Suites project in Kampar, Perak.

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