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Quarterly Report For The Financial Period Ended 31 December 2017

Financials Archive

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Unaudited Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income
For The Fourth Quarter Ended 31 December 2017

Comprehensive Income

Unaudited Condensed Consolidated Statement Of Financial Position
As At 31 December 2017

Financial Position

Operating Segments Review

4Q17 vs. 4Q16

Review Performance

The Group registered a higher revenue of RM71.9 million for the current quarter compared to RM24.7 million recorded in previous year corresponding quarter. The higher revenue of RM47.2 million or >100% increase was mainly contributed by recognition of revenue from Sistem Keselamatan Imigresen Nasional ("SKIN") project

The Group's PBT for the current quarter was RM18.4 million, >100% higher than the corresponding quarter of last year, due to flow through of higher revenue generated during the quarter, mainly contributed by the SKIN Project.

YTD17 vs. YTD16

The Group's revenue for YTD17 was RM219.5 million, higher by RM87.4 million or 66% compared to RM132.1 million in YTD16. The YTD revenue was higher than last year due to recognition of revenue to SKIN Project and better contribution from existing segments i.e. Software & Services and Academy.

The Group's PBT increased by RM26.4 million or >100% higher compared to previous year mainly due to better performance by the Education and Employment Services segments and recognition of profit by SKIN project. The Group's current and previous year's PBT was RM37.9 million and RM11.5 million, respectively

Comparison With Immediate Preceding Quarter's Results

Q417 vs. Q317

Review Performance

The Group's revenue for the current quarter of RM71.9 million, RM23.4 million or 48% higher than the preceding quarter of RM48.5 million. The higher revenue recorded in the current quarter was due to higher contribution Software & Services and Concession segment

The Group recorded higher PBT for the current quarter of RM18.4 million an increase of RM9.9 million or >100% higher than the preceding quarter of RM8.5 million. The higher PBT was mainly contributed by contribution from Software & Services and Concession segment.

Prospects For The Financial Year Ending 31 December 2017

With the implementation of the project SKIN and continuous improvement of the operational efficiencies of existing businesses, the Group is projected to perform better for the financial year ending 2018.

In line with Prestariang Berhad's 5.0 transformational plan, the Group will focus on the execution of this plan to drive sustainable growth and profitability