Kwantas Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Quarter Ended September 30, 2017
Kwantas Corporation Berhad reported unaudited consolidated earnings results for the quarter ended September 30, 2017. For the quarter, the company reported revenue of MYR 216,897,000 against MYR 372,902,000 a year ago. Profit before tax from continuing operations was MYR 20,652,000 against MYR 18,457,000 a year ago. Profit for the financial period was MYR 19,536,000 against MYR 15,957,000 a year ago. Profit for the period attributable to owners of the company was MYR 19,692,000 or 6.32 sen per basic share against MYR 16,081,000 or 5.16 sen per basic share a year ago. Net cash flow from operating activities was MYR 27,836,000 against MYR 82,841,000 a year ago. Purchase of property, plant and equipment was MYR 373,000 against MYR 1,080,000 a year ago. Plantation development expenditure was MYR 452,000 against MYR 3,381,000 a year ago.