The Group posted a lower pre-tax profit of RM 3.8 million compared to the pre-tax profit of RM 44.7 million for the preceding quarter. This is due to loss in fair value of quoted shares RM 8.8 mil (FY2017 Q4: gain RM 16.6 mil), gain in disposal of quoted shares RM2.6 mil (FY2017 Q4: RM8.8 mil) and no fair value gain for investment properties (FY2017 Q4: gain 1.7 mil). During current quarter, setup cost incurred for transnational logistics and warehousing services subsidiaries was taken up in the book.
However, revenue rising 7.5% to RM140.91 million from RM131.09 million, mainly due to contribution from the logistics and warehousing services segment, which grew 12.9% y-o-y to RM122 million. Should b a good sign for long term investor.
During current quarter, setup cost incurred for transnational logistics and warehousing services subsidiaries was taken up in the book. Is this causing huge overhead expenses in PL? Is that changes in trade and other receivables in cash flow?
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....
Doer
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Posted by Doer > 2017-08-02 14:43 | Report Abuse
One road one belt, still dropping.