Kwantas Corporation Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2017. For the quarter, the company announced revenue was MYR 159,137,000 compared to MYR 354,565,000 for the same period a year ago. Profit before tax was MYR 9,365,000 compared to MYR 10,647,000 for the same period a year ago. Loss for the period was MYR 3,623,000 compared to profit for the period of MYR 4,573,000 for the same period a year ago. Loss attributable to ordinary equity holders of the parent was MYR 1,884,000 or 0.60 sen per basic share compared to profit attributable to ordinary equity holders of the parent of MYR 5,278,000 or 1.69 sen per basic share for the same period a year ago. Loss from continuing operations was MYR 3,985,000 compared to profit from continuing operations of MYR 4,573,000 for the same period a year ago.

For the full year, the company announced revenue was MYR 1,379,894,000 compared to MYR 1,258,493,000 for the same period a year ago. Profit before tax was MYR 63,376,000 compared to loss before tax of MYR 17,976,000 for the same period a year ago. Profit for the period was MYR 40,117,000 compared to loss for the period of MYR 25,128,000 for the same period a year ago. Profit attributable to ordinary equity holders of the parent was MYR 42,544,000 or 13.65 sen per basic share compared to loss attributable to ordinary equity holders of the parent of MYR 23,967,000 or 7.69 sen per basic share for the same period a year ago. Profit from continuing operations was MYR 39,755,000 compared to loss from continuing operations of MYR 25,128,000 for the same period a year ago. Net cash flows generated from operating activities was MYR 125,749,000 compared to MYR 55,790,000 for the same period a year ago. Acquisition of property, plant and equipment was MYR 4,275,000 compared to MYR 6,461,000 for the same period a year ago.

For the fourth quarter ended June 30, 2017, the company announced property, plant and equipment written off of MYR 194,000 compared to MYR 126,000 for the same period a year ago. Impairment loss on biological assets was MYR 9,259,000 compared to MYR 7,971,000 for the same period a year ago.