Quarterly Report For The Financial Period Ended 30 September 2016
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Unaudited Interim Financial Report For The Period Ended 30 September 2016 Condensed Consolidated Statement Of Financial Position
Unaudited Interim Financial Report For The Period Ended 30 September 2016
Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income
Review of performance
Comparison results of current quarter and previous year corresponding quarter
For Q3 FY2016, the Group recorded lower revenue of RM436.9 million, a decrease of 6.1% compared with RM465.1 million in the corresponding quarter last year due to the weak market conditions. However Profit Before Tax (PBT) increased by 28.5% to RM8.3 million compared with the corresponding quarter last year of RM6.5 million due to higher GP margin mainly from Enterprise Systems.
The performance of the three business segments for Q3 FY2016 compared with Q3 FY2015 were as follows:
Revenue decreased by 8.7% with lower sales from PCs and mobility products, namely tablets and smartphones. With lower sales, the PBT decreased by 7.1% to RM3.6 million compared with last year's corresponding period of RM3.9 million.
Revenue increased by 3.5% with higher sales of networking equipment. With higher sales and GP margin, PBT increased by 95.6% to RM3.8 million compared with last year's corresponding period of RM1.9 million.
Revenue decreased by RM176,000. However with lower operating cost, the PBT increased to RM345,000 compared with last year's corresponding period of RM157,000.
The weak market sentiments continue to dampen consumer spending on PC, notebooks, tablets and smartphones. The year-end festive season and the launching of new mobility & Internet of Things ("IoT") products are expected to improve our consumer business.
The market for the Enterprise Systems continues to be slow with the private and public sectors delaying their technology refresh. 10.
The outlook for Q4 2016 remains challenging under the current economic environment.