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Quarterly Report For The Financial Period Ended 30 September 2017

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Condensed Consolidated Statement of Comprehensive Income
For The First Quarter Ended 30 September 2017
(The figures have not been audited)

Income Statement

Condensed Consolidated Statement Of Financial Position
As At 30 September 2017
(The figures have not been audited)

Balance Statement

Analysis of Performance

 review performance

The revenue for 1st Quarter 17 compared with the corresponding quarter was reduced by RM3.1 million which can be attributed to reduced overseas sales of RM2.7 million and local sales of RM0.4 million. The expected orders from overseas did not materialise in the quarter and the magazine printing is reduced because of the drop in circulation. The printing incurred a loss of RM1.93 million, holding company RM0.37 million and the balance of RM1 million loss incurred by the start up businesses. The low revenue was not sufficient to cover the fixed costs of operation and the losses were incurred.

Prospects

The absence of overseas Government print orders coupled with the shrinking magazine circulation has contributed to the low revenue for the printing. The award by the Ministry of Education in Oct 2017 to Pustaka Yakin Pelajar Sdn Bhd, an associate company for the publishing, printing and distribution of the past year questions and answers would help lift the printing revenue in the Dec 17 quarter. The Board would expect the results to improve in that quarter.