Next announcement : QoQ will be negative but YoY increase very small. Big problem is the SMS segment which is going down. A lot of clients are registering with free platforms like Whatsapp and Wechat instead of paying heavy SMS price package. M3Tech's offer on SMS services are being renegotiated again and again by clients, as they find much cheaper avenues to send messages to customers and potential customers.
Despite the fact that this quarter is traditionally "softer" (reduced spending post-Christmas/New Year holidays, and the Chinese New Year holiday period), the Group managed a commendable increase of 14% in Profit Before Taxation.
As technology advances worldwide, with an ever-increasing number of players in the market, the Group has continued to fortify its position based on close to two decades operating in this industry. Most importantly, although we are a large organization, we have been able to operate with flexibility within the market space. Shifting focus in a timely manner to address the areas that most need it are paramount to our future growth.
This focus has been on the EZVIZ brand of home and business surveillance cameras and action cameras, and our recent sales efforts have been successful in raising revenue from this line of business.As such, some resources have been diverted to spur the growth in our other major platform products,namely i3Display, i3Apps, and i3TeamWorks, the customer bases of which are steadily growing, and with which we expect to reach a tipping point by the end of the calendar year.
Compared to the previous quarter ended 31 December 2016 (“Q2-2017”), the Group’s revenue has shown an increase by RM1.17 million, from RM 8.79 million to RM9.96 million in (“Q3-2017”).
n line with the increase in revenue, Profit Before Taxation for 31 March 2017 (“Q3-2017”) increased by RM0.10 million as compared to Profit Before Taxation of RM0.72 million incurred in the previous quarter ended 31 December 2016 (“Q2-2017”). This increase in profit from quarter to quarter serves to prove that existing strategies are effective and continue to produce positive results. There have been improvements across the Group’s product and services lines, particularly in the mobile solutions businesses. Additional measures such as more aggressive promotion resulted in higher sell-through profit margins on top of reduced costs that have lead to the improved results.
The Group generated total revenue of RM9.96 million for this quarter ended 31 March 2017 (“Q3- 2017”), representing a decrease of RM0.22 million as compared to RM10.18 million generated in the previous year corresponding quarter ended 31 March 2016 (“Q3-2016”).
The decrease in revenue in Q3-2017 was mainly due to a significant reduction in Trading & Distribution arising from many factors both in and out of the Group’s control, such as the overall economic environment and increased competition brought about by reduced barriers to entry for our rivals. However, the increased revenue from our Pakistan operation has mitigated the overall decrease.
We are pleased to note that Profit Before Taxation has increased by RM0.26 million from a previous Profit Before Taxation of RM0.56 million in Q3-2016, as compared to Profit Before Taxation of RM0.82 million generated in Q3-2017. This increase is largely attributed to the favorable results from Pakistan, along with the ongoing results from our restructuring and optimization exercises that we began several years ago to combat declining revenue and operational inefficiency.
a lot of substantial shareholders holding at 10sen above, anything within 0.085 - 0.09 is the best price to enter. Lesser shares in the market, easier to control. Once it breaks 10 sen block, there's no turning back.
Price holding steadily between 0.085 n 0.09. Improving revenue n nett profit although still bleeding. Dont forget that the collaboration between M3 and NetX to develop an e-commerce payment solution is still ongoing. Its just a matter of time.
This counter need longer time to see its value, at least a year. Although losses appear to be lesser, but still in loss, it is really alot of sepaculation
I tried to understand the interview conversation between bfm & Kevin Ng yesterday but frankly...i don't know what Kevin is trying to express as he seem avoiding the actual question by bfm. It give a very bad impression to public the way u actually manage your company.
Fishing_leg , agree with u...I think we also should focus on their business , not the stock price..I think Kevin is trying to make public focus on business instead of stock price and the past thing. As my understanding , he is trying to express the company future plan
There are, paypal, visa, master and bunch from bank. In all, what can, newcomer come and tap in ? One l do think so can, lower the transaction fee. One thing for sure, we, don't have the trx volume
NetX on the other hand have seen positive growth in its payment solutions operations and expects further improvements once its collaborative efforts with Hello Digital (Cambodia), XOX Berhad and M3 Tech Berhad bears fruit...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2017-05-09 11:47 | Report Abuse
panic sell...