One time cost to Main board, hence 'bad' QR....their rev actually decreased a bit only....but CNY is coming soon
The Group recorded a decrease in revenue of RM3.59 million or 6.70% to RM50.01 million as compared to previous year corresponding quarter. The decrease was contributed mainly by the decrease in revenue from design and manufacture segment as a result of lower gold jewellery volume sold to customers in Peninsular Malaysia. The Group’s profit before tax decreased by RM1.78 million or 76.26% to RM0.56 million as compared to previous year corresponding quarter. The decrease was due mainly to lower gross profit margin as a result of lower revenue recorded, coupled with higher administrative expenses contributed mainly from the recognition of one-off expenses incurred for the transfer of the listing from the ACE Market to the Main Market of Bursa Securities (“Transfer Listing”), which amounted to RM1.10 million. Nonetheless, the decrease in profit before tax was cushioned by fair value gain on derivative amounting to RM0.69 million during the current quarter under review.
The Group recorded a decrease in revenue of RM3.59 million or 6.70% to RM50.01 million as compared to previous year corresponding quarter. The decrease was contributed mainly by the decrease in revenue from design and manufacture segment as a result of lower gold jewellery volume sold to customers in Peninsular Malaysia. The Group’s profit before tax decreased by RM1.78 million or 76.26% to RM0.56 million as compared to previous year corresponding quarter. The decrease was due mainly to lower gross profit margin as a result of lower revenue recorded, coupled with higher administrative expenses contributed mainly from the recognition of one-off expenses incurred for the transfer of the listing from the ACE Market to the Main Market of Bursa Securities (“Transfer Listing”), which amounted to RM1.10 million. Nonetheless, the decrease in profit before tax was cushioned by fair value gain on derivative amounting to RM0.69 million during the current quarter under review.
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....
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Posted by PennyStock123 > 2023-10-30 09:15 | Report Abuse
go go go