Posted by phil23 > 2018-02-25 18:07 | Report Abuse

secret1q , how did you get the second table?
From the first table you made, senibong88 contribution should only till Q1'17 because profit is almost fully recognised.
Subsequent quarters may be due to Dormitory project and the Desa88 preparation loss.
If we sum up according to your first table Q3'15 to Q1'17, revenue is over RM100m, PAT RM11.3625m
Less than RM5m gap from the profit guarantee??

Posted by secret1q > 2018-04-04 07:02 | Report Abuse

Hi phil23, all the information is from quarter report. in quarter report only show for the cumulative YTD figure, i do some math to get each quarter recognize figure from there.

Posted by secret1q > 2018-04-04 07:07 | Report Abuse

You are right that for the Senibong 88 project the profit almost fully recognised. However I do doubt as there are several unit cancellation so make the company to do the reverse adjustment to make Q2 2017 revenue become negative figure. Thus, it shall had some shortfall for the Eco Teras to get 16 Mil guaranteed PAT. It is not very good that the company quarter report did not stated how much shortfall to be recognize. As investor we can only guess ourself base on available information.