RM426 mil per year contract which should have kicked in this quarter.. total revenue only 16 mil this quarter? It should at least be 50-100mil per quarter. Any idea why?
During the quarter under review, the Group also incurred approximately RM3.03 million ofimpairment for trade receivables, stock written off amounting to about RM2.14 million andprofessional fees charged out approximately RM0.8 million due to the abortion of the mainmarket transfer listing. Consequently, net loss attributable to the owners of the parent forcurrent quarter was RM13.99 million. By comparison, the Group recorded a net profit ofRM3.03 million in the preceding year’s corresponding quarter.
I think cost of sales increased significantly this quarter is because of bad debts written off, impairment losses on trade receivables, inventories write off and provision for slow moving inventories. These significantly impacts the quarter result resulting in a new historically high loss haha.. unless RI price is fixed, better don't catch this falling knife...
If not for this once off? cost of sales, probably already a green quarter. Anyway good news is the supply of food ingredient to China is real, and this could contribute significantly moving forward. Let's hope that the supply chain/finance cost can be reduced in the Hainan subsidiary which further improve the profit. Also not forgetting the Ritamix and vaccine sales may be reflected in following quarters too..
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khpwwl
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Posted by khpwwl > 2021-03-01 11:34 | Report Abuse
covid-19 vaccine already reached Malaysia, but still haven't get authorities' approvals? very unreasonable leh....