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2017-06-20 20:18 | Report Abuse
We refer to the article entitled “JAG targets RM100m by year-end” appearing in New Straits Times on 15 June 2017, Section B3, Section News/Business, in particular, the following sentences, and wish to provide further clarification as follows:-
“JAG Bhd has set a target of 30 per cent increase in revenue this year”
“Executive director Stacey Tan Siew Ching said the company recorded a revenue of RM82.91 million last year and aims to hit the RM100 million mark by year-end”
The Board of Directors of JAG (“the Board”) would like to clarify that the above statement made by Datin Stacey Tan Siew Ching, Executive Director was in reference to the internal targeted revenue contribution of RM100 million for the financial year ending 31 December 2017 to be achieved by JAG’s Waste Management Division.
JAG and its subsidiaries (“JAG Group”) has recorded a total Group revenue of RM93.58 million for the financial year ended (“FYE”) 31 December 2016 whereby the revenue from the Waste Management Division was RM79.22 million, representing 85% contribution to the total revenue of the Group.
The Board would like to inform that as at 15 June 2017, the Waste Management Division has managed to secure larger value procurement contracts for the financial year ending 31 December 2017 which has seen a 40% increase in the value of procurement contracts as compared to FYE 31 December 2016.
Based on past experience of JAG Group, approximately 65% to 75% of the wastes procured from its suppliers would be processed thus translating to an expected increase of approximately 25% to 30% in revenue contribution from its Waste Management Division.
Premised on the above, the Management of JAG Group therefore deduced revenue of approximately RM100 million from its Waste Management Division for the financial year ending 31 December 2017 would be a reasonable target to strive for.
Kindly note that the above information disclosed are internal management targets set to be achieved by the Management of JAG Group and does not constitute a financial estimate, forecast or projection established by the Company. In view thereof, the above internal management targets have not been reviewed by Messrs. Russell Bedford LC & Company, the External Auditors of the Company.
This announcement is dated 20 June 2017.
2017-06-20 15:18 | Report Abuse
Tmr agm will annouch bonus issue???
2017-06-19 22:01 | Report Abuse
If tmr reach 15, I wanna cry alr, too happy
2017-06-09 12:48 | Report Abuse
Goreng mode on, sky is the limit
2017-05-30 17:19 | Report Abuse
Two week ago 74cents, now 20% cheap sales, buy on fear
2017-05-29 20:49 | Report Abuse
Secured another 100million contract in current quarter, good job .KGB
2017-05-29 17:57 | Report Abuse
Good result, revenue new high and profit increase
2017-05-29 13:16 | Report Abuse
No reason to sell. This is a good counter and the future prospect is good. Buy and hold one year. U will be rewarded
2017-05-29 09:31 | Report Abuse
Discount now, wash out contra kaki
2017-05-28 21:45 | Report Abuse
Tmr green ?? Hopefully the quarterly report dun let us down pls
2017-05-25 22:15 | Report Abuse
Good result but price no good. Delay effect?
2017-05-23 13:11 | Report Abuse
Totally agreed. Kgb hv so many contract in hand. Nth to worry
2017-05-23 13:10 | Report Abuse
Qr sure impressed
2017-05-17 21:00 | Report Abuse
If dividend annouched this qr, the share price will. Rise to rm2, just want to ask is anybody went AGM tdy? Pls sharing some new and comment here. Thanks in advance
2017-05-17 19:03 | Report Abuse
Annual eps 24cents, worth rm2.40, (if pe10)
2017-05-15 18:42 | Report Abuse
Waiting for annouchment...sth good for us??
2017-05-04 08:05 | Report Abuse
Wait for the result and dividend annouchment.
2017-05-02 18:35 | Report Abuse
Quarterly result good and with dividend annouchment
2017-04-28 07:26 | Report Abuse
10bagger10, eps first quarter at least 4 sen
2017-04-27 07:57 | Report Abuse
Superb result on the way? Next month fly?
Stock: [COMFORT]: COMFORT GLOVES BERHAD
2017-06-20 20:21 | Report Abuse
Countdown for qr tmr