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Financials

Quarterly Report For The Financial Period Ended 31 March 2017

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Condensed Consolidated Statement of Comprehensive Income
For The Third Quarter Ended 31 March 2017
(The figures have not been audited)

Income Statement

Condensed Consolidated Statement Of Financial Position
As At 31 March 2017
(The figures have not been audited)

Balance Statement

Analysis of Performance

 review performance

The absence of overseas orders has led to a drop in revenue of RM3.9 million. The current level of revenue is insufficient to sustain the fixed overheads and therefore a loss was incurred. In addition, the pre-operating expenses of RM0.93 million for new businesses had added to the loss.

Prospects

Although the Company has moved into its new factory and the production facility is ready to process print orders, the orders from our main overseas market were not forthcoming. The impact of the strength of the USD and low crude oil prices remained a concern in the overseas market.

However, the economic condition appears to have recently been stabilised as the yearly government print orders which were absent in the previous two years have now been revived and tenders were called. In addition, the banking system has also been improved. In view of the foregoing, it is expected that the company will be able to deliver higher sales in the 4th quarter.


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