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    WELLCAL   MYL7231OO003

WELLCALL HOLDINGS BERHAD

(WELLCAL)
  Report
End-of-day quote. End-of-day quote BURSA MALAYSIA - 01/21
1.23 MYR   -2.38%
01/21WELLCALL BERHAD : Administrative guide for the 16th agm
PU
01/21WELLCALL BERHAD : Annual Report Year 2021
PU
01/17WELLCALL BERHAD : Notice of 16th agm
PU
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Wellcall Berhad : Quarterly rpt on consolidated results for the financial period ended 30/09/2021

11/30/2021 | 08:41pm EST

WELLCALL HOLDINGS BERHAD

Registration No.: 200501025213 (707346-W)

Incorporated in Malaysia

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021

(The figures have not been audited)

Individual Quarter

Cumulative Quarter

3-Months Ended

12-Months Ended

30 Sep 2021

30 Sep 2020

30 Sep 2021

30 Sep 2020

Note

RM'000

RM'000

RM'000

RM'000

Revenue

47,502

37,274

157,016

134,920

Cost of sales

(28,860)

(21,855)

(95,197)

(83,680)

Gross profit

18,642

15,419

61,819

51,240

Selling & distribution costs

(2,166)

(971)

(6,180)

(3,256)

Administrative expenses

(3,095)

(2,254)

(11,466)

(11,032)

Other operating income

662

(273)

2,200

1,305

Profit from operations

14,043

11,921

46,373

38,257

Finance costs

(39)

(45)

(186)

(195)

Interest income

145

175

534

1,038

Share of loss of equity accounted associate,

(253)

(110)

(663)

(285)

net of tax

Profit before taxation

13,896

11,941

46,058

38,815

Tax expense

(3,851)

(2,942)

(11,903)

(9,454)

Profit for the period/Total comprehensive income

for the period

10,045

8,999

34,155

29,361

Attributable to:

Equity holders of the Company

10,045

8,999

34,155

29,361

Earnings per share (sen):

Basic

B11(a)

2.02

1.81

6.86

5.90

Diluted

B11(b)

N/A

N/A

N/A

N/A

Single tier dividend per share (sen)

B9

2.80

1.40

7.00

4.95

N/A - Not Applicable

The Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.

Page 1 of 10

WELLCALL HOLDINGS BERHAD

Registration No.: 200501025213 (707346-W)

Incorporated in Malaysia

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2021

(The figures have not been audited)

Audited

As At

As At

30 Sep 2021

30 Sep 2020

RM'000

RM'000

ASSETS

Non-current assets

Property, plant and equipment

51,729

56,894

Investment property

4,418

3,485

Capital work-in-progress

-

335

Investment in associate

3,470

4,134

Other investment

10

10

59,627

64,858

Current assets

Inventories

20,142

13,793

Trade receivables

6,487

5,577

Other receivables, deposits & prepayments

109

81

Tax recoverable

12

6

Deposits with licensed banks

15,650

15,970

Cash and bank balances

45,940

40,109

88,340

75,536

TOTAL ASSETS

147,967

140,394

EQUITY AND LIABILITIES

Capital and reserves

Share capital

68,836

68,836

Retained profits

58,298

52,028

TOTAL EQUITY

127,134

120,864

Non-current liability

Deferred taxation

4,954

5,174

4,954

5,174

Current liabilities

Trade payables

5,101

5,326

Other payables & accruals

9,228

7,729

Tax payable

1,550

1,301

15,879

14,356

TOTAL LIABILITIES

20,833

19,530

TOTAL EQUITY AND LIABILITIES

147,967

140,394

Net assets per share attributable to equity holders

of the Company (RM)

0.255

0.243

The Condensed Consolidated Statement of Financial Position should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.

Page 2 of 10

WELLCALL HOLDINGS BERHAD

Registration No.: 200501025213 (707346-W)

Incorporated in Malaysia

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021

(The figures have not been audited)

Non-Distributable

Distributable

Share

Retained

Total

Capital

Profits

Equity

RM'000

RM'000

RM'000

At 1 October 2020

68,836

52,028

120,864

Total comprehensive income for the period

-

34,155

34,155

Dividends

-

(27,885)

(27,885)

At 30 September 2021

68,836

58,298

127,134

At 1 October 2019

68,836

47,563

116,399

Total comprehensive income for the period

-

29,363

29,363

Dividends

-

(24,898)

(24,898)

At 30 September 2020

68,836

52,028

120,864

Note 1:

With the Companies Act 2016 ("CA 2016") that had taken effect on 31 January 2017, the credit standing in the share premium account of RM2.443 million had been transferred to the share capital account. Pursuant to sub-section 618(3) and 618(4) of the CA 2016, the Group may exercise its right to use the credit amounts being transferred from share premium account within twenty four (24) months after the commencement of the CA 2016. The Board of Directors had approved to transfer the share premium account of RM2.443 million to the share capital account.

The Condensed Consolidated Statement of Changes in Equity should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.

Page 3 of 10

WELLCALL HOLDINGS BERHAD

Registration No.: 200501025213 (707346-W)

Incorporated in Malaysia

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE FINAL QUARTER ENDED 30 SEPTEMBER 2021 (The figures have not been audited)

12-Months Ended

30 Sep 2021

30 Sep 2020

RM'000

RM'000

Cash Flows from Operating Activities

Profit before taxation

46,058

38,817

Adjustments for:

Depreciation of investment property

106

76

Depreciation of property, plant and equipment

5,275

5,505

Unrealised (gain) / loss on foreign exchange

(403)

385

Gain on disposal of property, plant and equipment

(3)

(134)

Dividend income

(1)

-

Interest income

(534)

(1,038)

Share of loss of equity accounted associates, net of tax

663

285

Operating profit before working capital changes

51,161

43,896

Net change in inventories

(6,349)

1,606

Net change in receivables

(877)

3,012

Net change in payables

440

(1,907)

Cash generated from operations

44,375

46,607

Tax paid

(11,027)

(9,677)

Interest received

534

1,038

Net cash generated from operating activities

33,882

37,968

Cash Flows from Investing Activities

Proceeds from disposal of property, plant and equipment

-

197

Dividend received

1

-

Investment In Associate Company

-

(4,420)

Capital work-in-progress

335

(335)

Purchase of investment property

(1,038)

(3,561)

Purchase of property, plant and equipment

(111)

(1,334)

Net cash used in investing activities

(813)

(9,453)

Cash Flows from Financing Activities

Dividends paid

(27,885)

(24,898)

Net cash used in financing activities

(27,885)

(24,898)

Net Increase in Cash and Cash Equivalents

5,184

3,617

Effect of Exchange Rate Changes

327

(360)

Cash and Cash Equivalents at beginning of the year

56,079

52,822

Cash and Cash Equivalents at end of the period

61,590

56,079

The Condensed Consolidated Statement of Cash Flows should be read in conjunction with the Audited Financial Statements for the year ended 30 September 2020 and the accompanying notes to the Interim Financial Report.

Page 4 of 10

WELLCALL HOLDINGS BERHAD

Registration No.: 200501025213 (707346-W)

Incorporated in Malaysia

NOTES TO THE INTERIM FINANCIAL REPORT

  1. Explanatory Notes Pursuant to MFRS 134

A1. Basis of Preparation

The Interim Financial Report is unaudited and has been prepared in accordance with the reporting requirements outlined in the Malaysian Financial Reporting Standard ("MFRS") No. 134: Interim Financial Reporting issued by the Malaysian Accounting Standards Board ("MASB") and paragraph 9.22 of the Main Market Listing Requirements of the Bursa Malaysia Securities Berhad ("BMSB").

The Interim Financial Report should be read in conjunction with the audited financial statements of the Group for the financial year ended 30 September 2020. These explanatory notes attached provide an explanation of events and transactions that are significant for an understanding of the changes in the financial position and performance of the Group since the financial year ended 30 September 2020.

Changes in accounting policies

The significant accounting policies adopted are consistent with those of the audited financial statements for the year ended 30 September 2020 except for the adoption of the following new, revised MFRSs, amendments to MFRS and Issues Committee ("IC") Interpretations:

Standards and Amendments Issued But Not Yet Effective

  1. Amendments to MFRS 101: Presentation of Financial Statements
  2. Amendments to MFRS 108: Accounting Policies, Changes in Accounting Estimates and Errors
  3. Amendments to IC Interpretation 22: Foreign Currency Transactions and Advance Consideration
  4. Amendments to MFRS 101: Presentation of Financial Statements - Definition of Materials
  5. Amendments to MFRS 7, MFRS 9 and MFRS 139: Interest Rate Benchmark Reform
  6. Amendments to MFRS 3: Business Combinations - Definition of Business
  7. MFRS 17 Insurance Contracts
  8. Amendments to MFRS 10: Consolidated Financail Statements and MFRS 128: Sale or Contribution of Assets between an Investor and its Associate or Joint Venture

The adoption of above standards and amendments to MFRS and IC Interpretations do not have material financial impact on the results and the financial position of the Group.

A2. Auditors' Report on Preceding Annual Financial Statements

The preceding audited financial statements for the financial year ended 30 September 2020 was not subject to any qualification.

A3. Seasonal or Cyclical Factors

The Group's operations are not materially affected by seasonal or cyclical changes during the current quarter under review.

A4. Unusual Items

There were no material items of an unusual nature and amount affecting the results of current quarter and cumulative period-to-date.

A5. Changes in Estimates

There were no changes in estimates of amounts which have a material effect in the current quarter under review.

A6. Changes in Debt and Equity Securities

Please refer to Part B Note B7.

A7. Dividend Paid

A third single tier dividend of 1.40 sen per share on 497,947,555 ordinary shares in respect of the financial year ended 30 September 2021 amounting to approximately RM6,971,266 was paid on 24 September 2021.

A8. Segmental Information

Segmental information for the Group by geographical and business segment is presented as follows:

12-Months Ended

Geographical Segments

30 Sep 2021

30 Sep 2020

Revenue

RM'000

RM'000

Export Market

USA/Canada

37,297

32,864

Asia

33,323

23,958

Middle East

12,872

13,801

Europe

23,495

23,563

Australia/New Zealand

18,677

14,879

South America

15,233

8,326

Africa

3,910

4,113

144,807

121,504

Local Market

12,209

13,416

157,016

134,920

Results

Export Market

42,477

34,955

Local Market

3,581

3,860

Profit before taxation

46,058

38,815

THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK

Page 5 of 10

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

WellCall Holdings Bhd published this content on 30 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2021 01:40:05 UTC.


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Sales 2022 174 M 41,6 M 41,6 M
Net income 2022 38,0 M 9,07 M 9,07 M
Net Debt 2022 - - -
P/E ratio 2022 15,8x
Yield 2022 4,82%
Capitalization 612 M 146 M 146 M
Capi. / Sales 2022 3,52x
Capi. / Sales 2023 3,31x
Nbr of Employees 398
Free-Float 73,7%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 1,23 MYR
Average target price 1,32 MYR
Spread / Average Target 7,05%
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Sha Huang Group Non-Independent MD & Executive Director
Chin Shian Chee Finance Manager
Peng Hong Ng Group Independent Non-Executive Chairman
Mohtar bin Nong Independent Non-Executive Director
Chong Yaw Yang Independent Non-Executive Director
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