Financial Performance

Quarterly Report For The Financial Period Ended 30 September 2017

Financials Archive

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Summary Of Key Financial Information 30 September 2017

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  Individual Period Cumulative Period
Current Year Quarter Preceding Year
Corresponding Quarter
Current Year To Date Preceding Year
Corresponding Period
30 Sep 2017 30 Sep 2016 30 Sep 2017 30 Sep 2016
RM'000 RM'000 RM'000 RM'000
Revenue 17,840 11,359 17,840 11,359
Profit/(loss) before tax 1,714 -803 1,714 -803
Profit/(loss) for the period 1,400 -874 1,400 -874
Profit/(loss) attributable to ordinary equity holders of the parent 1,400 -874 1,400 -874
Basic earnings/(loss) per share (Subunit) 1.61 -1.01 1.61 -1.01
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) 0.4800 0.4700

Condensed Consolidated Statement of Financial Position As at 30 September 2017

Review of Performance

Group

For the first quarter ended 30 September 2017, the Group recorded a revenue of RM17.8 million, an increase of RM6.5 million or 57% against preceding year's corresponding quarter which was mainly due to increase of revenue in both Manufacturing and Property Division.

During this quarter under review, the Group recorded a profit before tax ("PBT") of RM1.7 million. A PBT was recorded during this current quarter was mainly due higher profit recorded in Property Divisions.

Manufacturing Division

During current quarter ended 30 September 2017, Manufacturing Division recorded a revenue of RM9.4 million, an increase of RM0.5 million or 6% from RM8.9 million in preceding year's corresponding quarter was due to higher revenue recorded in local market. A loss before tax ("LBT") of RM0.6 million was recorded in current quarter, when compare to LBT of RM0.5 million in preceding year's corresponding quarter. The higher loss in current quarter under review was mainly due to share of loss in an associate company.

Property Division

During current quarter ended 30 September 2017, Property Division recorded a revenue of RM8.5 million, an increase of RM6.0 million or 237% from RM2.5 million in preceding year's corresponding quarter was due to higher sales recognition from ongoing project. During this quarter, PBT of RM2.7 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 according to schedule and management efforts to improve the sales of property.

While in the Manufacturing Division, the management is planning to increase its capacity so to deliver new products and together with the investment in an associate company in manufacturing luxury vinyl flooring, the management expect to see improvement in longer term.

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