Relax, the net profit was dragged down by the amortization of intangible assets, which amounted to RM2.99 million. If excluded, the net profit would be about RM4.49 million
the Sun 💬 Econframe Group managing director, Lim Chin Horng said, “The Group is pleased to have delivered our best-ever nine-month performance in our history. Looking ahead, we remain upbeat on the outlook of Econframe. We secured new projects that enhanced our order book giving us healthy earnings visibility. Apart from that, the Group continues to see vast opportunities in both the doors and aluminium sectors. This enables us to steadily replenish our order book to maintain it at healthy levels.”
He added that they are pleased to further capitalise on the strong synergies with LYASB as they have secured more jobs by leveraging on Econframe’s network.
At the same time, he said LYASB’s ongoing capacity expansion plans will enable it to fulfil the pentup orders.
Meanwhile, the Group continues to explore synergistic new business opportunities that would complement their core operations and diversify their revenue stream, Lim added.
Overall pretty good scenery posts by newlines Waller - it's truth on the amortization issue of nearly $3 mil... Excluded it - they did make nearly $4.5 mil in profit 😅
Wow... Jijo77💦 for his very 1ST Comment here.. So many give face... I feel Proud.. 🤣 Not to worry... We all not holding it.. as DUMB MONEY ya.. Just bluffing alone 🤣🤣🤣💦💦💦
Profit are dragged by one-off amortisation of intangible assets amounted to RM2.99 million, nothing serious actually. With market react negatively now is a good opportunity to enter
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elmendaman
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Posted by elmendaman > 1 month ago | Report Abuse
Acquisition already called off, no point talking about non-existence profit