The Group recorded a revenue of RM180.9 million for the year ended 2018, a reduction of 20.0% compared to the corresponding period in 2017 of RM226.3 million. A loss before tax of RM7.9 million was recorded in the year of 2018, compared to a profit before tax of RM14.6 million in the previous corresponding period.
The reported performance includes a completed project for which the full cost has been taken up; the associated revenue of RM18.9 million has not been recognised in accordance with MFRS 15 which came into effect in 2018. This revenue will be reflected in 2019 results when the recognition criteria is met.
B2. MATERIAL CHANGES IN THE QUARTERLY RESULTS
For the quarter ended 31 December 2018, the Group recorded a revenue of RM49.7 million, compared to RM53.2 million in the preceding quarter. The Group recorded a loss before tax of RM10.9 million in the current quarter, compared to a profit of RM1.7 million in the preceding quarter.
As reported in Note B1, the current quarter performance includes a completed project for which the full cost has been taken up and the associated revenue of RM18.9 million has not been recognised.
Mesiniaga Bhd has bagged a contract worth RM16.05 million from the Employees Provident Fund (EPF) for the supply of computer hardware, software, maintenance and IT related services.
If govt is starting engine to spend again on big IT projects then outlook for this counter is good. Word is the govt is starting to open their wallets again after sitting on it for so long.
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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....
qqq3
13,202 posts
Posted by qqq3 > 2019-01-26 20:21 | Report Abuse
brother of that LTAT guy....sure u want to play?