The Group had changed its Financial Year End from 31 March to 31 July, and hence this financial review is for a 16 months period from 1 April 2015 to 31 July 2016. For the 16 months period the Group recorded revenue of RM3.66 million as compared to the previous 12 months ended 31 March 2015 of RM2.64million. The revenue of RM3.66 million for the current financial period was mainly contributed by sales of RFID solutions, software solutions and related equipment which amounted to RM1.651 million. The Group recorded a loss before taxation of RM12.11 million for the 16 months period as compared to a loss before taxation of RM13.21 million registered in the previous 18 months ended 31 March 2015. The losses incurred for the current financial period was mainly due to insufficient revenue to cover its operating cost coupled with ESOS share options of RM5.95 million, and write-off and impairment of property, plant and equipment related to tracking project amounting to RM1.23 million and RM1.44 million respectively as the management had assessed that the future economic benefits generated by these assets are not expected to match their carrying value. The losses were also attributed by the impairment of trade receivable of RM0.68 million, depreciation of property, plant and equipment of RM2.10 million, and higher staff and rental costs of RM3.90 million and RM0.16 million respectively. Moving forward, we expect the future financial performance of the Group to improve with the gradual execution of the Group’s focus on strategic busine
this counter gonna goreng soon...waiting to be takeover by other company....the financial report has shown this company is boh lui boh lui liao..inventory-4 only....write off so many, i was wonder still got office or now ?
they sell the stocks to maintain the cash flows of the company....the real people profit from this is the director and those working inside the company...all of this still within the law....that is the real business.....not RFID sh*t or any techonlogy sh*t. the real technology is selling the papers stocks so that the director can spend without enough revenue.
i satisfy with the annual report briefing , all in my analyst job sheet , reliable to throw in capital , coin will reborn , produce more coin , is a manufacture hard coin center , i see the golden egg company born .
i willing to assist the outcome , i volunteer pump in my capital , see the advance , level of confident and also moderate of result , effectiveness , inevitable the output , with capacity of input inject in . factitious is fantastic , patient waiting , ROME will build one day .
There will further and further up trend , right stock always got this problem , plunged down without proper reason , after that helicopter up until you admire it , tactic is get attention , professor stock talk , forum analyst .
Issue AGM today is investors confident , believe and trust stage , if all attend retailer buyer satisfy with the annual report , business prospect will carry on , silk road is consider full stop , way to harvest farm .
Before RTO being confirmed, 0.045-0.05. After RTO, Price will break 0.20. Worth to wait. If win, over 300 percent profit, and nothing to lose at 0.045 if fail. Very simple calculation. Think about it.
New mngmt are much more reliable than old one, project with Cherish Word still carry on, rfid equipments at customs rental fee 150000 per month, one or two more steps WELLSPRING will RTO SMTRACK. Think before you sell cheap.
don't estimate underground group power roof , any time collapse all solid block , you never know , sudden , 0.10 stand in front you guy , they are prepared .
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....
khatulistiwa1234
46,261 posts
Posted by khatulistiwa1234 > 2016-12-29 17:07 | Report Abuse
BLANK is perfect , did you remember last time lecturer Morgen SIR tell , CAMPBELL University .US .