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Quarterly Report For The Financial Period Ended 30 November 2011

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Financial Statement (213 KB)

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Financial Quarter Ended 30 November 2011

Unaudited Condensed Consolidated Statement Of Financial Position
As At 30 November 2011

Performance Review For The Current Financial Quarter Against Previous Financial Year Corresponding Quarter

The Group posted lower revenue of RM15.2 million for financial quarter ended 30 November 2011 compared to RM16.4 million in the corresponding quarter last year. On year to date, the Group posted RM31.1 million revenue, a marginal decline from RM31.6 million a year ago.

Lower revenue was primarily due to lower sales from a subsidiary involving in assembly and trading activities following stiff competition. Revenue from the Logistics Business remained robust with a marginal increase.

Profit before taxation (“PBT”) for the financial quarter under review rose to RM1.5 million compared to RM0.9 million in the corresponding quarter last year. For the six months ended 30 November 2011, PBT rose to RM3.3 million from RM2.4 million last year. Higher PBT was mainly attributable to lower corporate expenses incurred following the completion of the restructuring exercise in January 2011.

Prospects For The Financial Year

In light of the global economic uncertainties, the Board will continue to exercise caution in managing the business going forward.