what is the meaning of the quote below? Anyone could explain to me? I found out in the Qr report, they say PAT decrease because of this thing. "These were mainly attributed to the recognition of accounting expenses on the grant of equity-settled share options to employees in accordance to Accounting Standard MFRS 2 in current quarter. "
“It is a multi-billion ringgit industry. It all started when the government encourages the use of renewable energy. We are gearing up to tender for more contracts in all segments of the industry, not just solar energy,” he told NST Business.
“Plans are afoot to spread our wings overseas to take advantage of the growing renewable energy industry in the region.
“Within the next few years, we expect our sales to double that of the current financial year.”
- The Group’s profit after tax (“PAT”) for 4Q2017 increased by RM5.2 million or 40.4% to RM18.2 million from RM12.9 million as recorded in preceding year quarter.
- The profit before tax of the Group increased slightly by RM1.6 million or 8.2% to RM21.2 million as compared to RM19.6 million recorded in the immediate preceding quarter due to reversal of unutilised bonus provision in current quarter.
@sicko Please read the quarter report. The decrease was mainly due to the lower work activities of the environmental engineering project at Ladang Tanah Merah in current quarter as compared to preceding quarter.
Hopefully LTM construction work to be completed soon.
@shareinvestor88 Regarding on Intangible assets, please read annual report as it's stated clearly there. Under section (c) Intangible assets recognised pursuant to IC Interpretation 12.
For high debt level, they needed fund for the LTM WTE project. As long as the WTE completed and start to generate income, should be fine.
Yup..i also hope the LTM construction to be completed soon..so, LTM revenue for renewable division going to contribute soon..revenue fall on this renewable energy division enjoy higher profit margin, approximately 50%...
KUALA LUMPUR (Jan 26) -- Cypark Resources, a Malaysian engineering firm, said Friday it secured two contracts worth 260.51 million ringgit ($67.23 million) to build, operate and maintain a large-scale solar power plant in Negri Sembilan state.
Cypark will build the 30-megawatt plant for Cove Suria under a two-year contract, the company said in an exchange filing. After the plant starts commercial operations, Cypark will operate and maintain the plant under a twenty-one year contract, it added.
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....
akulamatata
304 posts
Posted by akulamatata > 2017-06-30 15:42 | Report Abuse
Good result, keep improving