https://klse.i3investor.com/web/announcement/detail/1689996 AT must quickly sign new MOU since no material development in those existing MOUs otherwise its share price won't go up. Maybe AT should quickly call up Elon Musk and propose MOU signing with SpaceX or StarLink before Elon Musk sign it with real investors.
MTRONIC -a loss from disposal of investment in quoted shares of RM3.2 million recorded during the period....:) changes in loss on disposal of quoted investments amounting to RM17.41 million as well as Employees’ Share Option Scheme-based payment expense of RM2.07 million ...:) tis coming.....:)
Q4 FY2022 vs Q3 FY2022 The Group posted revenue of RM13.39 million for the current quarter ended 31 March 2022, representing a decrease of 15% as compared RM15.78 million recorded in the preceding quarter ended 31 December 2021. The decrease was largely due to lower sale of medical gloves on the back of lower units sold. The decrease was mitigated by higher sales in fabrication and automation segment, which was mainly due to higher orders from textile machines maker and coupled with higher orders for vending machines delivered in sheet metal & automation business. Sale of solar energy was slightly higher due to favorable weather. The Group recorded pre-tax loss of RM114.78 million for the current quarter as compared pre-tax loss of RM13.85 million recorded in the preceding quarter. Fabrication and automation segment reported higher pre-tax loss by RM7.12 million mainly due to higher impairment loss on property, plant and equipment of RM4.66 million and impairment loss on right-of-use-assets of RM3.50 million. Renewable energy and property letting segment reported higher pre-tax profit mainly due to additional rental from new tenant. Gloves segment reported pre-tax loss of RM56.18 million in Q4 FY2022 as compared to pre-tax profit of RM0.02 million profit in Q3 FY2022 mainly due to lower glove selling price and unit sold, coupled with the manufacturing and operating costs incurred for glove production as well as impairment loss on property, plant and equipment of RM19.84 million, impairment loss on right-of- use-assets of RM2.17 million and impairment loss on slow moving inventories of RM20.38 million.
Other segment reported higher pre-tax loss by RM37.68 million in Q4 FY2022 mainly due to net impairment loss on investment in associates of RM 33.85 million and share of losses in associates of RM15.31 million (Q3 FY2022: RM3 million), offset with lower loss on dilution of interest in associates, ie RM Nil in Q4 FY2022 (Q3 FY2022: RM4.59 million) and higher bargain purchase from investment in associate of RM2.63 million (Q3 FY2022: RM0.22 million) coupled with reversal of impairment of loan & receivable of RM1.33 million (Q3 FY2022: RM Nil).
AT glove business sudah kaput, making even bigger loss. Suggest AT going into MOU signing business, maybe AT will make profit out of MOU signing here and there.
Regardless of the multiple viruses detected & the increase in glove demand, this will not impact AT coz’ their source of income come in ESOS, PP etc that will eventually lead to share consolidation..
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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Posted by BuySoLow SellEvenLower > 2022-05-23 10:16 | Report Abuse
https://klse.i3investor.com/web/announcement/detail/1689996
AT must quickly sign new MOU since no material development in those existing MOUs otherwise its share price won't go up. Maybe AT should quickly call up Elon Musk and propose MOU signing with SpaceX or StarLink before Elon Musk sign it with real investors.