Review of the Performance
For the quarter under review, the Group recorded a revenue of RM10.27 million, 26% below the revenue of the corresponding quarter of the preceding year as there was no contribution from the aquaculture operating unit which was undergoing upgrading and maintenance of its site during the current quarter. The other operating units have also registered a decline in revenue due to the weak prevailing operating environment.
As there was no revenue from the aquaculture operating unit, the Group’s profit before tax was lower by 25% when compared to the corresponding quarter of the preceding year. The corresponding reduction in the cost of procuring recycled products and the cost savings measures undertaken by the Group was effective in enabling certain operating units to register a higher profit despite lower turnover.
Prospects
On the backdrop of improving general economic climate, the Group’s prospects for the current financial year 2010 is expected to be satisfactory.
**********************************************************************************
The details of investments in quoted securities as at the end of the current financial quarter are set out below :-
Total investments at cost RM 17,036 m
Total investments at carrying value RM 15,836 m
Total investments at market value RM 15,516 m
.
No comments:
Post a Comment