Quarterly Results

 

Quarterly Report For The Financial Period Ended 30 June 2019

Financials Archive

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Unaudited Condensed Consolidated Statement Of Financial Position As At 30 June 2019

Unaudited Condensed Consolidated Statement Of Financial Position As At 30 June 2019 Notes:

(a) The unaudited condensed Consolidated Statement of Financial Position should be read in conjunction with the audited financial statements for the financial year ended 30 September 2018 and the interim notes attached to this interim financial report.

(b) Based on 548,636,360 ordinary shares in issue as disclosed in Note B11.

Unaudited Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income For The Quarter Ended 30 June 2019

Unaudited Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income For The Quarter Ended 30 June 2019 Notes:

(a) The Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the audited financial statements for the financial year ended 30 September 2018 and the interim notes attached to this interim financial report.

(b) Based on 548,636,360 ordinary shares in issue as disclosed in Note B11.

(c) Diluted earnings per share for the current financial period is calculated by dividing the profit for the financial period attributable to owners of the Company by the weighted average number of ordinary shares outstanding during the financial period adjusted for the effects of dilutive potential ordinary shares as disclosed in Note B11.

Review of Performances

Review of Performances
Comparison with the preceding year corresponding quarter

In tandem with the slowdown in the semiconductor industry and impact of global trade challenges, the Group's revenue has recorded a decrease of 43% for this quarter ("Q3FY19") as compared to the preceding year corresponding quarter ("Q3FY18"). On top of the macroeconomic impact on our sales, the decrease of revenue was also partly due to the deferment of revenue recognition for certain orders as a result of the logistic arrangement and delay in receiving customer's revised purchase order.

Other income has recorded a decrease of RM0.398 million in Q3FY19 as compared to Q3FY18, mainly attributable to the fluctuation of USD against Ringgit. For other expense, the Group has provided an impairment loss on trade receivable amounted to RM0.428 million.

In respect of the research and development ("R&D") expenses, was recorded in tandem with the capitalisation of talent costs and other incidental expenditures pursuant to the ongoing development activities, was recorded in Q3FY19.

In summary, the Group recorded a loss of RM0.994 million in Q3FY18.

Prospects

We are operating in a difficult global business environment in this quarter as challenges from the past quarters persist.

Looking forward, the Far East region and the rest of world will be major contributors to our revenue as our engagement with customers on test development project are on the rise.

5G cellular chip testing is a huge potential for the smartphones/tablets and RF infrastructure market segments. We plan to ride on this wave to grow our revenue.

However, positive impact to the revenue can only be expected after the next two quarters. Only if such change in business trend were to carry through into the upcoming quarters, opportunity for the Group to achieve improved financial results will be high.