16 Review of the Group Performance for Current Year-to-date vs Previous Year-to-date The Group’s 2nd quarter revenue of RM94.2 million was 15% higher than the preceding year corresponding quarter of RM81.6 million. Increase in revenue was mainly contributed by the regional business. However, profit before taxation reduced by 21% from RM13.5 million in the preceding year corresponding quarter to RM10.6 million. The reduced earnings were mainly due to weaker margin as a result of intense market competition and elevated cost of doing business.
17 Variation of Results Against the Immediate Preceding Quarter For the 2nd quarter ended 30 June 2016, the Group registered a pre-tax profit of RM5.4 million, a marginal improvement of 4% as compared to the immediate preceding quarter of RM5.2 million. The slight improvement in earnings in the second quarter was mainly due to Ringgit appreciation and prudent forex buying strategy.
18 Commentary on Prospects For the remaining of 2016, the Malaysian economy is expected to grow at a slower pace. The Group expects its operating environment to remain challenging in view of slowing domestic economy and weak consumer purchasing power. Nevertheless, by focusing on promotional strategies and operation efficiency, the Group is optimistic that it will continue to contribute positively to the Group’s turnover and profit.
19 Profit Forecast and Profit Guarantee There were no profit forecast or profit guarantee issued by the Group.
Intense competition and higher cost of doing business resulted in weaker margins for Marco Holdings Bhd, a Casio brand timepiece and calculator distributor.
As a result, its net profit fell 23.3% to RM3.88 million in the second quarter ended June 30, 2016 (2QFY16), from RM5.06 million in the same period last year, though it managed to grow its revenue by 27.5% to RM45.49 million, from RM35.68 million, thanks to the group's regional business.
From a cumulative perspective, Marco's net profit for the first half of FY16 (1HFY16) fell by 25.4% to RM7.64 million, from RM10.24 million in 1HFY15, while revenue grew 15.4% to RM94.19 million, from RM81.6 million.
WONDERFUL OF MARCO IS ALWAYS "2分钟热度" . JUST PUT ONE SIDE & COLLECT DIVIDEND & WAIT FOR IT PRICE APPRECIATION AS IT NAV IS NOW RM0.16. THE PRICE & EARN EPS IS STILL OK AND REASONABLE IN VIEW OF CURRENT ECONOMIC SITUATION & BEARISH MARKET SENTIMENT.
waiting the durian drop is so difficult , but is excited waiting , see who give up first , hope Robert Tan changing mind , let it go to china group , time fly sky high .
if u are into perisai, scomi, pdz, k1, ta, zelan,dgsb,novasm, mpc, aeh.........u are in holland to enjoy the lifestyle for the rest of ur life. In marco u can still watch bersih 5 and red army parade in boleh land
koi koh's comments is correct. MARCO share is not moving up but at least not moving down. Many counters in Bursa has dropped more than half of it peak price, some just less than one third. You still enjoy dividend of MARCO yearly.
BUDGET last pull , it will bull straight away , according the latest business progress , running up trend like mercury rising , heard the full house order worldwide after the road show implement , suspect HOT SPICY until next end quarter , gain until shiver whole body
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
koi koh
2,499 posts
Posted by koi koh > 2016-07-28 16:36 | Report Abuse
Volume of marco must be > 50 millions, then marco is fully awake, else it will zzzzzzzzzzzzzzz again