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Latest Quarterly Results

Quarterly Report For The Financial Period Ended 30 June 2018

Financials Archive

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Condensed Consolidated Statement Of Comprehensive Income
For The Second Quarter Ended 30 June 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 June 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 Q2 2018 was recorded at RM17.7 million as compared to RM13.2 million of the corresponding quarter in preceding year, increase of RM4.5 million. This was mainly attributed to higher local sales.

Property Division

The revenue of Q2 2018 was recorded at RM7.6 million as compared to RM4.6 million(restated) of the corresponding quarter in preceding year,an increase of RM3.0 million due to higher percentage of completion coupled with higher sold unit.

The Group's profit before tax of current quarter was recorded at RM0.2 million as compared to loss before tax of RM1.7 million of the corresponding quarter in preceding year,an improvement of RM1.9 million mainly due to higher gross profit derived from the higher sales.

Current Year Prospects

The global and domestic economy are projected to continue growing in 2018 and the Manufacturing Industries shall grow in tandem with the current economy.For Manufacturing Division, inflation in material cost and higher direct labour expenses is expected to reduce gross profit margin of the 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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