Quarterly Report For The Financial Period Ended 31 March 2018

Financials Archive

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Condensed Consolidated Statement Of Profit Or Loss
For The Second Quarter Ended 31 March 2018

(This figures have not been audited)

Condensed Consolidated Statement Of Financial Position
As At 31 March 2018

(This figures have not been audited)

Review of performance

The Group registered a revenue growth of RM4.9mil or approximately 4% higher than 3QFY17. Details of changes in each service type are as follows:-

Compared to 3QY17, all services reported growth other than the Airfreight. Seafreight contributed the highest revenue while there are commendable growth registered in 3PL & Warehousing and Landfreight services. The higher revenue in this 3QFY18 are mainly due to increase of activities.

As compared to 3QFY17, the Group’s Profit Before Tax (“PBT”) decreased from RM6.4 mil to RM5.7 mil or 11%, mainly due to share of loss in associate.

Current year prospects

The Group has performed positively year to-date but was affected by the weak performance in its associate in the tug and barge business.

The Group will also continue to further strengthen its customer base and operational efficiencies. Barring unforeseen circumstances, the Group expects its performance to be positive for the financial year ending 30 June 2018.