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Latest Quarterly Results

Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

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Condensed Consolidated Statement Of Comprehensive Income
For The Second Quarter Ended 30 June 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 30 June 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 2017 second quarter was recorded at RM13.2 million as compared to RM23.8 million of the corresponding quarter in preceding year, a decrease of RM10.6 million. This was attributed to lower local and export sales due to lower demand resulting from higher material cost.

Property Division
No revenue was recognised from Damai Vista project for the period under review. The Group's loss before tax of current quarter was recorded at RM2.0 million as compared to RM1.8 million profit before tax of the corresponding quarter in preceding year, a decrease of RM3.8 million mainly due to lower gross profit in tandem with the lower revenue coupled with higher material cost.

Current Year Prospects

The global and domestic economy outlook is projected to be on a modest recovery in 2017 with some uncertainties in certain markets of interest to us. The manufacturing division shall continue to compete strategically in terms of pricing and product offerings to strengthen its market share.

The property sector outlook is challenging in the current economic environment. Despite the challenges, construction works of Damai Vista Condominium will continue to progress as scheduled.


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