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Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

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The figures have not been audited.

Condensed Consolidated Income Statements

Comprehensive Income

Condensed Consolidated Statements Of Financial Position

Financial Position

Review Of Performance

The Group performance for the quarter under review against the corresponding quarter of the previous financial year is tabled below:-

Review Performance

For the current quarter, the Group recorded revenue of RM654.04 million, an increase of 79% compared to revenue of RM364.69 million recorded in the corresponding quarter last year. The Higher revenue was mainly due to increase in shipments of full container loads ("FCLs") and the weakening of Ringgit Malaysia. Gross and net margins however decreased due to reduced shipments to higher margins markets and higher realised forex losses compared to the corresponding quarter last year.

Current Year Prospects

The Group will continue with its expansion plans for revenue growth for its edible oil operations and with smart partnership tie-up with property developers for the tap-ware and sanitary ware divisions to enhance shareholders' value .