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Quarterly Report For The Financial Period Ended 31 March 2017

Financials Archive

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Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income
For The Financial Period Ended 31 March 2017

Income Statement

Condensed Consolidated Statement of Financial Position
As At 31 March 2017

Balance Sheet

Detailed analysis of the performance of all operating segment of the Group

The Group recorded a revenue of RM32.432 million and loss before tax of RM1.638 million for the 3 months ended 31 March 2017 as compared to revenue of RM32.316 million and loss before tax of RM2.883 million for the preceding year corresponding period.

Performance of the respective operating business segments for the 3 months ended 31 March 2017 as compared to the preceding year corresponding period are analysed as follows :-

Trading and services

The decrease in revenue and additional loss before tax were mainly due to the decrease in sales volume.

Property development

The revenue and profit before tax for this division shown an improvement, mainly due to revenue from sale of a completed unit during the period.

Construction

Despite an increase in the revenue, the division recorded a loss before tax mainly due to increase in fixed overheads.

Investment property

Despite an increase in the revenue, profit before tax decreased mainly due to increase in direct overhead cost and depreciation for the newly purchased investment properties.

Prospects

The sluggish outlook for the construction and property development industry where the Group business substantially depends on, is expected to prolong and remain challenging to the Group’s performance. Nevertheless, the Group will continue to look for new business opportunities and tender for new potential projects in its effort to maintain satisfactory results.