Kwantas Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2017; Reports Property, Plant and Equipment Written-Off for the Second Quarter Ended December 31, 2017
For the six months, the company reported revenue of MYR 461,626,000 against MYR 843,348,000 a year ago. Profit before tax from continuing operation was MYR 48,503,000 against MYR 29,624,000 a year ago. Profit from continuing operations, net of tax was MYR 39,753,000 against MYR 23,124,000 a year ago. Profit for the financial period was MYR 45,715,000 against MYR 23,124,000 a year ago. Profit for the period attributable to owners of the company was MYR 46,278,000 or 14.85 sen per share against MYR 23,642,000 or 7.59 sen per share a year ago. Net cash from operating activities was MYR 139,640,000 against MYR 45,170,000 a year ago. Purchase of property, plant and equipment was MYR 3,811,000 against MYR 1,316,000 a year ago. Plantation development expenditure was MYR 1,233,000 against MYR 6,934,000 a year ago.
For the quarter, the company's property, plant and equipment written-off was MYR 1,000 against MYR 218,000 a year ago.