Quarterly Report For The Financial Period Ended 31 December 2017

Financials Archive

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Unaudited Condensed Statement of Profit or Loss and Other Comprehensive Income For The Quarter Ended 31 December 2017

income statement

Unaudited Condensed Consolidated Statement of Financial Position As At 31 December 2017

balance sheet

Review of Company Performance

The Company recorded revenue of RM31.32million and profit before tax of RM2.73 million for the current financial quarter ended 31 December 2017. The Company’s revenue was derived from the provision of mainly electrical services.

Comparative figures for the corresponding period of the preceding quarter are not available as this is the third interim financial report for the fourth quarter ended 31 December 2017 announced in compliance with the Listing Requirements.

Comparison with Immediate Preceding Quarter Results

The Company recorded higher gross profit of RM7.03 million for the current quarter as compared with RM5.20 million in the preceding quarter mainly due to higher revenue and better margins generated. The Company’s profit before tax of RM2.73 million for the current quarter was 3.5% lower than the RM2.83 million achieved in the previous quarter. The decrease was mainly due to the non-recurrent listing expenses of approximately RM1.97 million compared with RM0.26 million incurred in previous quarter

Commentary On Current Year Prospects

As at 31 December 2017, the Company has an order book of RM217.1million. The Company will continue to focus on the following future plans and business strategies for the future growth and expansion of its business

  1. grow its market share in Malaysia by increasing tendering activities, focusing on affordable housing sector and geographical expansion;

  2. strengthen its capabilities by growing its mechanical engineering services segment; and

  3. diversifying its revenue stream by providing maintenance services including upgrading, expansion, refurbishment, retrofitting and renovation projects