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Quarterly Report For The Financial Period Ended 30 September 2018

Financials Archive

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Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The Year Ended 30 September 2018

Unaudited Condensed Consolidated Income Statement

Income Statement
Condensed Consolidated Statement Of Financial Position
For The Year Ended 30 September 2018
Financial Position
Review Of Performance

The Group recorded a profit of RM1,010,000 for the period ended 30 September 2018,a decrease by RM914,000 from a profit of RM1,924,000 for the period ended 30 September 2017.

The decline in the results was attributed to the conclusion of a major contract from the Core 1 segment that significantly reduced the overall profit margin of the Group.The contract has contributed significant margins to the Group since its acquisition in the previous financial years.

The revenue of the Group were mainly contributed by the following market sectors.

Review Performance

The revenue contributed to the Group from the above market sectors for the financial period ended 30 September 2018 is RM182,897,000 as compared to RM265,614,000 for the financial period ended 30 September 2017.

Comparison With Preceding Quarter's Results

The Group recorded lower revenue at RM89,298,000 for the current quarter ended 30 September 2018 as compared to RM131,369,000 in the preceding quarter ended 30 June 2018.

The Group had also shown some reduction in the margins for the current quarted as opposed to the preceding

Commentary On Prospects

The Malaysian economy is expected to remain on a steady growth path,with private consumption the main driver of growth, investment activity sustained and exports providing an additional lift to growth, albeit to a lesser extent. Underlying economic factors are providing continued support to domestic economic growth, including low unemployment and a surplus in the current account of the balance of payments.(Source: Bank Negara Malaysia published on 16 November 2018)

The Group's business environment is expected to remain challenging for 2018. However, the Group will continue to implement relevant strategies to overcome the challenges. These include the following:

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