The Group registered a higher revenue of RM99.9 million as compared to Q3FY2023 of RM83.2 million. The increased of RM16.7 million in revenue was contributed by the increased demand in automotive and EMS segments. The Loss before Tax (“LBT”) for current quarter is RM38.0 million (Q3FY2023: Profit before Tax of RM2.7 million), the loss in current quarter was impacted by impairment of plant and machineries of RM30.7 million and inventory written off of RM8.5 million. If not for the major one-off impairment above, the Group would declare a profit before tax of RM1.2 million. Notwithstanding the above, the Group wishes to highlight that operating cashflow for the quarter was positive at RM20.4 million and borrowings have dropped from RM38.6 million in the previous quarter to RM33.3 million in the current quarter as the Group honours its financial commitment.
Now big blocks of buyers @ 44c & 43.5c...see whether ppl will throw down big loads of tickets...or are they short-seller who sold heavily in the morning & need desperately to cover back?
Usually when a certain old kamizake fool shows up in a thread, you know it's probably time to runnnn....SOLDDDDD all except 1k shrs fr 50.5c down to 47.5c bye!
Most of the segment improve and products of good demand as pointed out in the latest quarter report as at 31-12-2023. I will hold Notion for mid to long term due to tec recovery.
NOTION VTEC ------------------------ 1) Improvement in cash flow ; 2) Increase in demand of products ; 3) Capitalize the excess funds for expansions such as acquisitions ; 4) Brighter prospects due to tech recovery ;
Just a recap of the statement as reported in the THE EDGE MALAYSIA dated 22 Feb ,2024. "The company (NOTION VTEC) said in an exchange filing on Wednesday that it expects a turnaround in FY2024 on the back of 'robust revenue and growth.' NOTION VTEC also said that it remains committed to expansions 'anticpating increased capital expenditure to our growth trajectory '. Further, a cash pile of RM52 million would allow the company to 'pursue strategic initiatives and capitalize on the emerging opportunities '."
xiaoeh, You may study NOTION VTEC' quarter results at 31-12-2023 and the full report from THE EDGE to have an insight of the company. The rest is up to you.
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Posted by Twinklehahaha > 2023-06-30 22:45 | Report Abuse
when will goreng again?