iCapital.biz Bhd announced unaudited financial results for the first quarter ended August 31, 2015. For the quarter, the company reported revenue of MYR 3.44 million against MYR 3.526 million a year ago. Loss from operations was MYR 8.836 million against profit from operations of MYR 1.77 million a year ago. Loss before taxation was MYR 8.836 million against profit before taxation of MYR 1.77 million a year ago. Loss was MYR 9.279 million or 6.63 sen per basic share against profit of MYR 2.172 million or 1.55 pence per basic share a year ago. Net cash generated from operating activities was MYR 3.417 million against MYR 2.462 million a year ago. In the first quarter ended August 31, 2015, the company recorded a loss after tax compared with profit after tax in the preceding quarter mainly due to impairment loss in the current quarter.

The company reported impairment loss on quoted investment of MYR 10.5 million in the current quarter.