Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Email This Print This Financials

Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

Get Adobe Reader Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.

Unaudited Condensed Consolidated Statement Of Comprehensive Income
For The 2nd Quarter Ended 30 June 2017

Comprehensive Income

Unaudited Condensed Consolidated Statement Of Financial Position
As At 30 June 2017

Financial Position

Review of Performance

review performance

For the quarter under review, the Group's revenue increased by 24% to RM12.54 million from RM10.06 million in the preceding financial year corresponding quarter.

The changes in revenue as compared to preceding financial year corresponding quarter were from:-

  1. Fabrication of Plastic Parts segment increased by RM1.30 million mainly due to increases in orders from new and existing customers;
  2. Laser/Die-cut segment increased by RM0.88 million mainly due to increases in orders from existing customers;
  3. Industrial Labels segment increased by RM0.33 million mainly due to increases in orders from new and existing customers; and
  4. Revenue from Trading of Non-core Products segment decreased slightly by RM0.02 million.

The Group recorded profit after tax of RM1.75 million in the current quarter as compared to preceding financial year corresponding quarter's profit after tax of RM1.21 million.

The improvement was mainly due to higher sales recorded, government grant of RM0.34 million received and the net gain on foreign exchange of RM0.01 million recorded in the current quarter as compared to net loss on foreign exchange of RM0.17 million recorded in the preceding financial year corresponding quarter.

review performance

On the year to date basis, the Group's revenue increased by 25% to RM24.10 million from RM19.35 million recorded in the preceding financial year corresponding period.

Revenue from all the major products segment observed increases except for revenue from Trading of Non-core Products segment which decreased marginally by RM0.09 million. The increases in revenue were from:-

  1. Fabrication of Plastic Parts segment increased by RM2.74 million mainly due to increases in orders from new and existing customers;
  2. Industrial Labels segment increased by RM1.13 million mainly due to increases in orders from existing customers; and
  3. Laser/Die-cut segment increased by RM0.96 million mainly due to increases in orders from existing customers.

The Group recorded a profit after tax of RM2.64 million as compared to preceding financial year corresponding period's profit after tax of RM1.87 million.

The improvement was mainly due to increased orders from new and existing customers and government grant of RM0.34 million received although the net gain on foreign exchange of RM0.02 million was RM0.71 million lower than recorded in the preceding financial year corresponding period.

Prospects

On year to date basis, the sales from all major segments had improved. With the existing well-diversified customer base and vast variety of products and services, the sustainability of the Group is ensured.

The Group is anticipating increasing challenging economic conditions, stricter government policies and increased competitions from our domestic competitors during the year. In this regard, the Board is anticipating the rest of year to remain challenging.