17. Review of Group's Performance For the quarter under review, revenue for the Group decreased by 41.93% from RM72.30 million to RM41.98 million as compared with preceding year corresponding quarter. The decrease was mainly attributed to the decrease in sales volume. 18. Comment On Material Changes In Profit Before Taxation The Group registered a profit before taxation of RM1.70 million as compared with RM2.53 million in the immediate preceding quarter. The decrease was mainly attributed to the decrease in the sales revenue coupled with decrease in operating margin in the current quarter. 19. Current Year Prospects In view of the adverse weather which will impact on plantation yield, the Group is closely monitoring the global market on palm oil products. The management expects this financial year to be challenging in the operation of the Group. ====================================================================== One word - blame it on weather
No need panic sell.....Actually if you were to compare with the full FY2015 net profit gain of RM7,685,000.00 against FY2014 net profit lost of -RM2,215,000.00
what_up, market expect Tecguan to perform much more than this. Market expect Tecguan can fly, but Tecguan can walk only (even thou better than crawling).
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....
hotmama
36 posts
Posted by hotmama > 2016-03-07 15:31 | Report Abuse
Dropped so much.... So sad! Anyone can tell me why?