The Group recorded revenue of RM21.1 million for the current quarter, representing an increase of RM1.6 million or 8.1% as compared to previous year’s corresponding quarter which is primarily contributed by the overseas entity. However, the Group recorded profit before tax for Q2 2019 at RM1.1 million, a decrease of RM1.0 million as compared to the profit in the preceding year’s corresponding quarter. This is mainly due to the increase in manpower cost and additional cost incurred for setting up a new representative office in Vietnam. Hence, the Group registered profit attributable to equity holders of the parent company of RM1.0 million as compared to RM1.4 million for the corresponding quarter last year. Year-to-date (YTD), the Group reported a slightly higher revenue of RM38.9 million, an increase of RM0.1 million or 0.3% as compared to the corresponding financial period in the previous year. As a result of tax incentive shrinkage from China government during the year, the Group reported a lower profit before tax of RM1.9 million compared to RM3.5 million for preceding year’s previous corresponding financial period. Hence, the Group registered profit attributable to equity holders of the parent company of RM1.3 million as compared to RM1.7 million for the corresponding quarter last year. Group cash reserves stood at RM71.1 million as at 30 June 2019 as the business continues to have strong cash generation.
As at 30 June 2019, the Group has un-billed orders in hand amounting to RM45.4 million.
Save 70mil in bank FD, 4% intrest rate...one yr rm2.8million 'profit'.tech comp, if growth or revenue dun grow by double digits, useless esp 0.1-1% growth.
Property365? Useless listings..ppl buy house by clicking and checkout isit?dumb directions from the managements..shud have just go for M&A of profitable companies, not putting 70mil in bank doin nothing.
IFCA has dropped below 30 sen again. It is back to my radar screen. I can start working on a strictly-followed trade plan to accumulate on weakness, with an option for dollar cost averaging.
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....
thinkfirst
3,146 posts
Posted by thinkfirst > 2019-08-16 18:52 | Report Abuse
Remember what they said when first QR out, they said always 1st QR slow and now what happen , from 52 sen now die already . Petty who hold this stock.