Lonbis need to find ways to collect back their money from debtors and reduce their grace period so that they can service the debts.

LONBIS need to come out with a better solution for their high debts and receivables. So far, sales of biscuits are good. But to settle the debts need longer time.

Media should be good in mid long term

ivan9511, are you betting on rebound stocks? When downtrend stocks have not found its way back, you never know when is the bottomline.

mlab, fintec, netx revenues are much lesser this quarter. What is the reason?

The Group recorded a revenue of RM121.6 million with profit before tax of RM6.1 million for the current quarter as compared to the revenue of RM109.0 million with profit before tax of RM5.7million in the preceding quarter. The profit before tax has increased from RM5.7 million to RM6.1million.

Profit increase to 6.1mil.

Negative cash flow but with FDs up to 8mil still a hinge.

write down of impairment loss of 40.98 mil which includes:
impairment loss in on goodwill 8,184 mil
Impairment loss on development cost 7,407mil
Impairment loss on receivables 13,826 mil
Impairment loss on investment in associate 11,473mil

Cannot call a company con when there isn’t a default done.

Coming soon

why nobody buy??

nett asset is 67 but $ now is only 175....

calvintaneg is trying to push down the price to collect cheap cheap.

a good result. Just so so. The whole market isnt looking good.

Loss making in tradition advertising again.Good thing is the borrowing is 3 million only.

I have feeling the company is slowly acquiring the shares and pressing it down till very cheap, until you all let it go.

The last announcement in Jan 2019 about PP. Mentioned 30% to 3rd party. How now ? Any updates? Please add this infor.

Long term prospectus

Why need private placement I wonder ? Company got cash 30mil. Unless NETX is really attractive and got growing business.

Have to break 80 to confirm an uptrend.

Who bought GEM ?

Good result still..

IDSS in econbhd ?

How come revenue reduce so much?

Not bad result

Tipu calvintaneng. company buyback their own shares at a 5% discounted rate and will use internal funds or general funds to finance it.

COMPARISON WITH PRECEDING QUARTER’S RESULTS
The group recorded a loss before tax of RM133.7 million in the current quarter ended 31 March 2019 compared to a loss before tax of RM18.7 million in the preceding quarter ended 31 December 2018 mainly due to an increase in cost of sales and operating expenses of RM78.3 million and increase in other expenses of RM53.7 million.

Group performance for the financial year ended 31 March 2019 (continued)
(a) Group revenue by segment are as follows (continued):
(iv) Logistics
Logistics registered lower revenue by RM123.3 million mainly from the drop in
project logistics namely Refinery and Petrochemical Integrated Development
Project (“RAPID”) in Pengerang which has been completed.
(v) Aviation
Aviation increased by RM13.1 million compared to previous corresponding year
ended 31 March 2018 mainly contributed by higher tonnage of cargo handled.
(vi) Others
Other segments which consist of printing and insertion, digital certificates and Ar
Rahnu, generated a decrease in revenue of RM7.1 million mainly due to lower
contribution from digital certificates business.
(b) Group Profit Before Tax
For the financial year ended 31 March 2019, the Group registered a loss before tax ofRM158.4 million from a profit of RM117.3 million in the previous corresponding year ended 31 March 2018. The drop is due to lower revenue registered from logistics segments, postal services and international segments, lower other income mainly from lower net foreign exchange gain and increase in cost of sales and operating expenses as well as other expenses mainly from impairment loss on goodwill.

Go AGM & sound your trumpet

Thepainfultruth; u should write direct to the office.

Buy ECONBHD. TOMORROW FLY

Zheng Wei, take some profits also ok gua. If u no hurry, just keep lah.

U lucky can sit. Many CL because can’t hold .

Malaysia index not strong to be supported. Foreign funds outdo fast

To money gap down, wait lah. The Trade War really kill all those intraday fellows.

Hold lah, ECONBHD

Why resign when price is low? Market sentiment no ?

Banyak hutang have to pay lah that’s why their main reason of PP is to get money out from their shares to pay the bank loans.

U should be glad they are transparent and say out loud they are paying their loans.

Dwee, Your comments unsupported.

Abit more to 70 cents.

Bethel habis 0.015............

When quarter out?

Down again....

Dwee, what do u have to support your comments ?

Iris Land disposing all its remaining shares at 1.00 to Prior Vital. Sometimes, I hate the writer of the Bursa. The English really putar belit.

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description IRIS CORPORATION BERHAD (IRIS OR THE COMPANY)
DISPOSAL OF THE ENTIRE EQUITY INTEREST IN IRIS LAND (PNG) LIMITED
The Board of Directors of IRIS wishes to announce that IRIS Land Sdn. Bhd. (Company No. 895593-K), the wholly-owned subsidiary of the Company had on 7 May 2019 entered into a Shares Sales Agreement with PRIOR VITAL SDN. BHD. (Company No. 1273016-T), a company incorporated in Malaysia to dispose of the equity interests in IRIS LAND (PNG) LIMITED for a total cash consideration of RINGGIT MALAYSIA ONE (RM1-00) ONLY.

Not yet finished raising the PP I think.

Once the private placement completed, will see clearly the direction of the company.

As such, our Company intends to undertake the Proposed Private Placement to raise funds to mainly to redeem the first tranche of the medium term notes amounting to RM10 million which will be due in July 2019 and repay our Group’s bank overdrafts and revolving credits in order to improve our Group’s gearing level and reduce interest cost as well as for working capital requirements.

patience. tomorrow at 70 !

MBSB need new banking image. Been dreadful years of none performing bank.