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Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

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Condensed Consolidated Statement Of Profit Or Loss
For The Fourth Quarter Ended 30 June 2017

(This figures have not been audited)

Condensed Consolidated Statement Of Financial Position
As At 30 June 2017

(This figures have not been audited)

Review of performance

The Group's revenue for the 4QFY17 grew approximately RM19.1mil or 18% compares with 4QFY16. The table below highlights the relative changes in each service type.

Revenue as compared to the 4QFY16, registered a growth of 18%. All divisions recorded a higher revenue in 4QFY17 other than the Landfreight.

The Group's Profit Before Tax improved to RM8.48mil from RM4.90mil as compared to 4QFY16 mainly due to better performance achieved for this quarter from all divisions other than Landfreight and higher losses incurred in our Tug & Barge division in 4QFY16.

Prospects for Next Financial Year

The Group has performed positively for FY17 despite the challenging and competitive global environment. Moving forward, the Group seeks to further improve its performance in its core businesses and at the same time explore new business opportunities and developing new products. The Group also will continue to strengthen its customer base and improve on its operational and cost efficiencies.

Barring any unforeseen circumstances, the Board of Directors is of the opinion that the business and performance of the Group is expected to remain positive for the financial year ending 30 June 2018.

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