For the current quarter ended 31 July 2020, the Group recorded revenue of RM15.8 million as compared to RM4.5 million recorded in the previous quarter ended 30 April 2020. The Group’s revenue increased more than 100% due to the increase of sales in medical division, logistic division and a group of subsidiaries involve in dealing with a wide-ranging choice of security and video surveillance equipment. The Group recorded a loss before taxation of RM60.0 million for the current quarter ended 31 July 2020 as compared to loss before taxation of RM1.2 million recorded in the previous quarter ended 30 April 2020. The loss increased in this quarter mainly due to suffered loss on disposal of investment property, bad debt written off, fair value loss on investment, impairment on goodwill and write-off of land held for property development.
Write off loss making property segment, reuse resource on ICT, Medical, logistics...Management being prudent overall still at right path. i'll still hold on this NexGEM first...
perhaps, everyone shall start a new future by letting go the past. it would be nice if nexgram can tap into myanmar market..notice that there is open tentedr for ppe related covidq9
in my opinion, if you already a shareholder, just hold. Cut loss now is just not worth it. If you are planning to buy, can wait first maybe can get 2.5 or 3 cent?
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....
fixul19
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Posted by fixul19 > 2020-09-30 09:53 | Report Abuse
For the current quarter ended 31 July 2020, the Group recorded revenue of RM15.8 million as compared to RM4.5 million recorded in the previous quarter ended 30 April 2020. The Group’s revenue increased more than 100% due to the increase of sales in medical division, logistic division and a group of subsidiaries involve in dealing with a wide-ranging choice of security and video surveillance equipment. The Group recorded a loss before taxation of RM60.0 million for the current quarter ended 31 July 2020 as compared to loss before taxation of RM1.2 million recorded in the previous quarter ended 30 April 2020. The loss increased in this quarter mainly due to suffered loss on disposal of investment property, bad debt written off, fair value loss on investment, impairment on goodwill and write-off of land held for property development.