pola0808

pola0808 | Joined since 2013-07-08

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2015-11-13 17:10 | Report Abuse

@bsngpg why the warrant exercise price will be adjusted? Any announcement for that?

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2015-08-27 23:26 | Report Abuse

Roughly read the report, matched with the explanation given by management. I copied out some content in the report only, please read thru the report and interpret it urself.

For the current quarter under review, the Group recorded a lower revenue of RM21.1 mil as compared to preceding year corresponding quater of RM61.8 mil. The lower revenue in current quarter was mainly due to lower revenue recognised by the property development division for the projects at KK Time Square2, Dataran Larkin and Fortune Perdana as compared to the preceding year corresponding quarter.

The group recorded a loss before tax of RM6.9 mil in the current quarter as compared to profit before tax of RM7.7 mil in the preceding year corresponding quarter. the loss before tax in the current quarter is mainly due to lower revenue recognised by the property development division, higher operation and finance costs incurred for the Mall as compared to the preceding year corresponding quarter.

Compared the 2015 and 2014:
Property development 14,862 60,558

Finance costs (6,089) (1,390)
Mall Operations (3,244) -

Prospect:
The Imago Mall at Kota Kinabalu, Sabah was officially launched on 28 March 2015. The Mall Operations will be an additional contributor to the Group results besides the existing Property Development Division and Car Park Operation in the current financial year. ....we are confident that the results for the current financial year to be favourable.