RM(m)
|
1Q14
|
2Q14
|
3Q14
|
4Q14
|
1Q15
|
Revenue
|
6.873
|
4.898
|
4.760
|
4.363
|
3.555
|
PBT
|
0.282
|
-1.999
|
-2.362
|
-14.995
|
-5.52
|
PATAMI
|
0.327
|
-1.997
|
-2.362
|
-16.32
|
-5.575
|
In the latest quarterly results, while the revenue has been declining since 1Q14, when commenting of the groups prospects, the board maintained the same comment made since 1Q14 that "based on the above and barring any unforeseen circumstances, the Board of Directors is of the opinion that the prospects for the Group for the next quarter will remain favourable due to increasing customers' demand"
How could revenue keep declining when there is increasing customers' demand?
Who are the board members?
1. Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee
2. Dato' Wong Shee Kai
3. Yeong Siew Lee (Senior Independent Non-Executive Director, redesignated on 13 Feb 2015)
4. Paul Jong Jun Hian (Appointed on 10 Feb 2015)
5. Dato' Hussain @ Rizal Bin A. Rahman (Resigned on 10 Feb 2015)
The chairman's statement by Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee in 2014 annual report is not less amazing...
"2014 was a strong year, due to existing customers demand and an influx of new customers. As a result of the good performance of the multimedia advertising services and media communication services in all three business segments, the Group presented another strong financial result in 2014. The Group reported its Revenue at RM20.89 million in FYE 2014, which achieved a CAGR of 29.07% since FYE 2007. Whilst our revenue FYE 2014 fell short of expectations which 40% lower as compare to last year, we are upbeat heading into 2015. The Group reported its EBITA of RM1.1million and net loss of RM20.5million in FYE 2014, caused by non-cash depreciation and amortisation expenses approximately RM28 million
How could it be a strong year when the revenue plunged 40% compared to a year ago and making substantial loss?
Excluding depreciation and amortisation expenses, the group was still loss-making at PBT level.
And how the Chairman obtained depreciation and amortisation expenses of approximately RM28m?
Amortisation of development costs RM22,966
Amortisation of intangible assets RM236,775
Depreciation of PPE RM20,366,854
Total: RM20,626,595
How low can the Datuk Chairman and board members go? What is the worth of their trustworthiness?
How could revenue keep declining when there is increasing customers' demand?
Who are the board members?
1. Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee
2. Dato' Wong Shee Kai
3. Yeong Siew Lee (Senior Independent Non-Executive Director, redesignated on 13 Feb 2015)
4. Paul Jong Jun Hian (Appointed on 10 Feb 2015)
5. Dato' Hussain @ Rizal Bin A. Rahman (Resigned on 10 Feb 2015)
The chairman's statement by Datuk Seri Syed Ali Bin Tan Sri Abbas Alhabshee in 2014 annual report is not less amazing...
"2014 was a strong year, due to existing customers demand and an influx of new customers. As a result of the good performance of the multimedia advertising services and media communication services in all three business segments, the Group presented another strong financial result in 2014. The Group reported its Revenue at RM20.89 million in FYE 2014, which achieved a CAGR of 29.07% since FYE 2007. Whilst our revenue FYE 2014 fell short of expectations which 40% lower as compare to last year, we are upbeat heading into 2015. The Group reported its EBITA of RM1.1million and net loss of RM20.5million in FYE 2014, caused by non-cash depreciation and amortisation expenses approximately RM28 million
How could it be a strong year when the revenue plunged 40% compared to a year ago and making substantial loss?
Excluding depreciation and amortisation expenses, the group was still loss-making at PBT level.
And how the Chairman obtained depreciation and amortisation expenses of approximately RM28m?
Amortisation of development costs RM22,966
Amortisation of intangible assets RM236,775
Depreciation of PPE RM20,366,854
Total: RM20,626,595
How low can the Datuk Chairman and board members go? What is the worth of their trustworthiness?
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