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Latest Quarterly Results

Quarterly Report For The Financial Period Ended 30 September 2018

Financials Archive

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Condensed Consolidated Statement Of Comprehensive Income
For The Second Quarter Ended 30 September 2018

(The figures have not been audited)

Condensed Consolidated Statement Of Comprehensive Income

The Condensed Consolidated Statement of Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 31 December 2017 and the accompanying explanatory notes attached to the interim financial statements.

Condensed Consolidated Statement Of Financial Position As At 30 September 2018

(The figures have not been audited)

Condensed Consolidated Statement Of Financial Position

The Unaudited Condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 31 December 2017 and the accompanying explanatory notes attached to the interim financial statements.

Review of Performance

Review of Performance

Manufacturing Division

The revenue of Q3 2018 was recorded at RM15.8 million, same amount as reported for the corresponding quarter in preceding year.

Property Division

The revenue of Q3 2018 was recorded at RM10.2 million, an increase of RM3.2 million as compared to RM7.0 million (restated) of the corresponding quarter in preceding year due to higher percentage of completion coupled with higher sales.

The Group's profit before tax of current quarter was recorded at RM0.3 million, a reduction of RM0.2 million as compared to RM0.5 million of the corresponding quarter in preceding year mainly due to lower profit recognition by the Property Division resulting from higher budgeted cost.

Current Year Prospects

Inflation in material cost and higher direct labour expenses is expected to reduce gross profit margin of the Manufacturing division.

In regard to Property Division, revenue recognition based on percentage of completion method for Damai Vista Project started upon adoption of MFRS 15 effective from 1 January 2018 and as such the project is expected to contribute positively to the Group's 2018 financials.


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