Dagang NeXchange Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2016; ProCvides Earnings Guidance for the Year 2016
For the six months, the company's revenue was MYR 74,313,000 against MYR 44,605,000 a year ago. Profit before income tax was MYR 97,803,000 against MYR 9,911,000 a year ago. Profit for the period was MYR 94,456,000 against MYR 7,030,000 a year ago. Profit attributable to owners of the company was MYR 94,873,000 against MYR 4,381,000 a year ago. Earnings per basic share was 12.24 sen against 0.57 sen a year ago. Net cash generated from operating activities was MYR 21,510,000 against MYR 17,709,000 a year ago. Purchase of plant and equipment and intangible assets was MYR 1,339,000 against MYR 17,406,000 a year ago.
Barring any unforeseen circumstances, the group expects to deliver positive results for the year 2016.