Quarterly Results

 

Quarterly Report For The Financial Period Ended 31 March 2017

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

Unaudited Condensed Consolidated Statement Of Financial Position As At 31 March 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 2016 and the interim notes attached to this interim financial report.

(b) Based on the number of shares of 438,850,000 ordinary shares of RM0.10 each.

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

Unaudited Condensed Consolidated Statement Of Profit Or Loss And Other Comprehensive Income For The Quarter Ended 31 March 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 2016 and the interim notes attached to this interim financial report.

(b) Based on number of shares in issue of 438,850,000 ordinary shares of RM0.10 each as disclosed in Note B11.

(c) There is no diluted earnings per share as the Company does not have any dilutive potential shares as at the end of period ended 31 March 2017.

Review of Performances

Comparison with the corresponding quarter and financial period in the previous financial year

The Group has achieved revenue of RM10.76 million, an increase of 38% or RM2.97 million as compared to the revenue recorded in the corresponding quarter of the previous financial year. The increase of the revenue is in line with the growing orders from the enterprise storage, smartphone and tablet market segments.

In tandem with the increase of revenue, the Group recorded a profit of RM2.37 million during this quarter. An increase of 393% or RM1.89 million compared to the corresponding quarter in the previous financial year.

Comparison with the corresponding financial period in the previous financial year

The Group has achieved revenue of RM16.36 million, representing an increase of 56% or RM5.87 million as compared to the revenue recorded in the corresponding financial period in previous financial year. Successful ATE design win into a tier one smartphone company, coupled with growing orders from the enterprise storage and smartphone and tablet market segments have contributed to the increase of revenue.

The Group recorded profit of RM3 million, a significant increase as compared to the loss recorded in the corresponding financial period in the previous financial year, mainly contributed by the increase of revenue.

Prospects

There has been a significant demand for Automated Test Equipment (ATE) from our customers in the enterprise storage and smartphone and tablet segments this quarter. The combined revenue from these two market segments is equivalent to 90% of the total revenue. We expect positive demand growth from these two market segments to continue in the subsequent quarters.

We started to ramp up the production for AMB4600 ATE to meet the orders from our customers in the enterprise storage segment. The AMB4600 ATE is expected to return as a major revenue contributor to the Group in fiscal year 2017.

Sales from the Far East region during the first half of fiscal year 2017 is lower than the preceding year corresponding period. Nevertheless, we are still up beat of the business potential in this region. Barring any unforeseen circumstances, we expect a double digit revenue growth from the Far East in fiscal year 2017.