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Quarterly Report For The Financial Period Ended 30 June 2017

Financials Archive

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Unaudited Condensed Consolidated Statements Of Profit Or Loss And Other Comprehensive Income
For The Second Quarter Ended 30 June 2017

Comprehensive Income

Unaudited Condensed Consolidated Statement Of Financial Position
As At 30 June 2017

Financial Position

Operating Segments Review

2Q17 vs. 2Q16

Review Performance

The Group registered a higher revenue to RM55.2 million for the current quarter compared to RM48.8 million recorded in previous year corresponding quarter. The higher revenue of RM6.4 million or 13% increase was mainly contributed by Software & Services, Academy and Education segments.

The Group's PBT for the current quarter was RM7.2 million, RM2.2 or 44% higher than the corresponding quarter of last year, due to flow through of higher revenue generated during the quarter.

YTD17 vs. YTD16

The Group's revenue for YTD17 was RM99.1 million, higher by RM9.6 million or 11% compared to RM89.5 million in YTD16. The YTD revenue was higher than last year due to upward trend recorded by Software & Services, Academy and Education segments.

The Group's PBT recorded for YTD17 was RM2.0 million or 22% higher than last year mainly due to the flow through of higher revenue contributed by Software & Services and Education segments. The Group's current and last year's PBT was RM11.1 million and RM9.1 million, respectively.

Comparison With Immediate Preceding Quarter's Results

2Q17 vs. 1Q17

Review Performance

The Group's revenue for the current quarter of RM55.2 million, RM11.3 or 26% higher than the preceding quarter of RM43.9 million. Higher revenue recorded in current quarter was mainly due to higher revenue in Software & Services and Education segment.

The Group recorded higher PBT for the current quarter of RM7.2 million, RM3.4 million or 90% higher than the preceding quarter of RM3.8 million The higher PBT was due to flow through of higher PBT at Software & Services and Academy segments and lower loss for Education segment.

Prospects For The Financial Year Ending 31 December 2017

With the successful signing of the project SKIN and continuous improvement of operational efficiencies of existing businesses, the Group is projected to perform better for the financial year ending 2017.

In line with Prestariang Berhad's strategic direction, the Group will continue to embark into new transformational businesses to drive sustainable growth and profitability.