Kwantas Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2017; Announces Property, Plant and Equipment Written Off and Impairment Loss on Biological Assets for the Fourth Quarter Ended June 30, 2017
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.