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Latest Quarterly Results

Quarterly Report For The Financial Period Ended 31 December 2017

Financials Archive

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Condensed Consolidated Statement Of Comprehensive Income
For The Fourth Quarter Ended 31 December 2017

(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 2016 and the accompanying explanatory notes attached to the interim financial statements.

Condensed Consolidated Statement Of Financial Position As At 31 December 2017

(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 2016 and the accompanying explanatory notes attached to the interim financial statements.

Review of Performance

Review of Performance

Manufacturing Division

The revenue of 4th quarter 2017 was recorded at RM19.1 million as compared to RM18.3 million of the corresponding quarter in preceding year, an increase of RM0.8 million. This was attributed to higher export sales.

Property Division

No revenue was recognised from Damai Vista project for the year under review.

The Group’s profit before tax of current quarter was recorded at RM2.3 million as compared to RM0.4 million of the corresponding quarter in preceding year, an increase of RM1.9 million mainly due to lower operating expenses.

Current Year Prospects

The global and domestic economy are projected to continue growing in 2018. The Manufacturing Division shall grow in tandem with the current economy. In addition, our expansion plan in the export market will be intensified.

In regard to Property Division, construction works of Damai Vista Condominium will continue to progress as scheduled, and as such the revenue recognition from the project is expected to contribute positively to the Group's 2018 financials.


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