Financial Information 
Latest Financials
Quarterly Report For The Financial Quarter Ended 29 February 2012
Financials Archive
Note: Files are in Adobe (PDF) format.
Please download the free Adobe Acrobat Reader to view these documents.
Unaudited Condensed Consolidated Statement Of Comprehensive Income
For Financial Quarter Ended 29 February 2012
Unaudited Condensed Statement Of Financial Position
As At 29 February 2012
Review of Group's Performance
The Group posted revenue of RM1.24 billion for the current financial period compared with RM1.04 billion in the corresponding period last year. Profit before taxation ("PBT") for the current financial period improved to RM11.8 million compared to a loss before taxation of RM5.6 million in the same period last year. Overall, the Group posted higher revenue across all major business segments. The Agricultural and Industrial Chemical Division remained the largest business segment. The division continue to post strong revenue growth in the current financial period supported by higher exports. In addition, lower operating costs in the Media Division have also contributed to the favourable Group's results.
For the financial quarter ended 29 February 2012, the Group posted higher revenue of RM415.6 million compared with RM373.2 million a year ago. However, PBT fell to RM1.1 million in the current financial quarter compared with RM2.9 million in the same corresponding quarter last year.
Agricultural and Industrial Chemicals
The division posted revenue of RM346.1 million for the current financial quarter compared with RM292.3 million recorded in the corresponding quarter last year. Higher revenue is attributable to stronger sales of industrial chemicals products in Singapore and Indonesia. However, due to the European economic crisis coupled with slower growth in China, many of our competitors have started to focus on the Southeast Asian markets. This intensified the competitions in both our domestic and regional markets such as Singapore, Indonesia and Vietnam. Consequently, our operating margins have been eroded. The segmental profit of the division decreased from RM14.7 million in the corresponding quarter last year to RM9.5 million in the current quarter.
Logistics
The Logistics Division posted higher revenue of RM14.0 million in the current financial quarter compared with RM13.3 million in the corresponding quarter last year. Higher revenue was primarily due to the more robust sale from its tank farm business.
Segmental profit for the current financial quarter improved to RM1.7 million from a segmental loss of RM0.7 million in the corresponding quarter last year. The segmental loss in the previous financial year was mainly due to the corporate restructuring costs of the division.
Information Technology
The division continued to face intense competition in the current financial quarter. Both revenue and operating profits declined as the division is unable to maintain its order intake. Revenue for the financial quarter fell to RM5.3 million from RM7.7 million a year ago while segmental loss increased to RM0.3 million from RM0.1 million last year.
Media
The revenue of the Media Division for the current financial quarter is marginally lower at RM21.1 million compared to RM21.8 million in the same quarter last year. However, the division posted a segmental profit of RM2.0 million against segmental loss of RM0.1 million last year. Continuing efforts placed in both costs management as well as revenue growth are bearing positive results in the division.
Polymer
The Polymer Division achieved revenue of RM29.6 million for the current financial quarter, which is lower than RM33.3 million reported in the corresponding quarter last year. This is due to lower FCF (film and coated fabrics) sales in the domestic market resulted from the influx of imported goods sold at very low prices. For the current financial quarter, the Division reported higher segmental profit of RM3.8 million compared with RM1.5 million in the same quarter last year. This increase is attributed to better margins from the improved efficiency of the division manufacturing plant in Indonesia.
Investment holding
Investment holding division is primarily a cost centre as its revenue is mostly derived from dividend income from subsidiaries. During the financial quarter under review, there is a general increase in the operational costs and overheads.
Prospects
Based on the improved performance of the Group compared to the previous financial year, the Directors expect, barring any unforeseen circumstances, the performance of the Group shall remain satisfactory for the remaining of the financial year.