Quarterly Results

 

Quarterly Report For The Financial Period Ended 31 December 2017

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

Unaudited Condensed Consolidated Statement Of Financial Position As At 31 December 2017 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 2017 and the interim notes attached to this interim financial report.

(b) Based on 438,850,000 ordinary shares in issue.

(c) Share premium is reclassified to share capital in accordance with Section 618(2) of the Companies Act 2016.

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

Unaudited Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income For The Quarter Ended 31 December 2017 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 2017 and the interim notes attached to this interim financial report.

(b) Based on 438,850,000 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 corresponding quarter and financial period in the previous financial year

The Group managed to record an increase of RM3.845 million in the revenue for this quarter ("Q1FY18"), as compared to the corresponding quarter in the previous financial year ("Q1FY17"). Demand for ATE from the enterprise storage segment as well as smartphone and tablet segments continue to drive the revenue growth in Q1FY18.

Other income has decreased from RM0.986 million in Q1FY17 to RM0.180 million in Q1FY18, mainly attributed to the recognition of net unrealised foreign exchange gain amounted to RM0.788 million in Q1FY17. For Q1FY18, the Group recorded unrealised foreign exchange loss of RM0.244 million in line with the strengthening of ringgit against USD. The unrealised foreign exchange loss is disclosed as other expenses in Q1FY18.

Research and development ("R&D") expenses have increased RM0.495 million or 44% as compared to Q1FY17 in tandem with the ongoing R&D activities carried out and increasing headcounts to support the product development. Meanwhile, the continuous talent building and retention initiatives to support our business growth have contributed to the increase in administrative expenses for this quarter.

In summary, the Group recorded profit of RM1.022 million in Q1FY18, representing an increase of RM0.393 million or 62% as compared to Q1FY17, mainly attributed to the revenue growth.

Prospects

Aemulus delivered good earnings for the quarter. We delivered more Automated Test Equipment (ATE) to our customers this quarter as compared to the preceding year corresponding quarter. The increase in revenue indicated continuous demand from our existing customers.

The demand for ATE from the enterprise storage segment continues to be encouraging this quarter. Barring any unforeseen circumstances, revenue contributed by this segment is expected to be consistent with 2017.

The revenue from the Far East region increased by 29% from the preceding year corresponding quarter. We continue to demonstrate growth through our innovation, business and market development in this region. Our target to achieve a double digit revenue growth in the Far East region during fiscal year 2018 remain intact, despite challenges ahead.