Profit recovery 54.8% this quarter!! The Group's profit before taxation for the current quarter was RM4.8 million, an increase of RM1.7 million or 54.8% compared to RM3.1 million in the preceding quarter ended 31 December 2016. The increase was mainly attributed to higher sales revenue and lower operating expenses as a result of the reversal of fair value loss from foreign currency forward contracts, which was recognized in the preceding quarter ended 31 December 2016.
Stock: [HEXRTL]: HEXTAR RETAIL BERHAD
2017-05-29 20:48 | Report Abuse
Profit recovery 54.8% this quarter!!
The Group's profit before taxation for the current quarter was RM4.8 million, an increase of RM1.7 million or 54.8% compared to RM3.1 million in the preceding quarter ended 31 December 2016. The increase was mainly attributed to higher sales revenue and lower operating expenses as a result of the reversal of fair value loss from foreign currency forward contracts, which was recognized in the preceding quarter ended 31 December 2016.
Target price RM2.50