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Quarterly Report For The Financial Period Ended 30 June 2010

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Financial Statement (114 KB)

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For The 2nd Quarter Ended 30 June 2010

Condensed Consolidated Income Statements

(The figures have not been audited)

The condensed consolidated income statements should be read in conjunction with the audited financial statements for the year ended 30 June 2010 and the accompanying explanatory notes attached to the interim financial statements.

Condensed Consolidated Balance Sheet

The condensed consolidated balance sheet should be read in conjunction with the audited financial statements for the year ended 30 June 2010 and the accompanying explanatory notes attached to the interim financial statements.

Review of performance

The Group achieved a revenue of RM26.12 million for the period under review against RM5.12 million in the corresponding period of preceding year, representing an increase 410%. The increase in revenue against the same quarter last year was attributed to the higher sales recorded from machine vision system (MVS), automated board inspection (ABI) and electronics communication system (ECS). The increase in sales recorded are due to higher than expected demand of our new products as a result of effective execution of our business strategies and strong recovery of semiconductors and electronics sectors. On the back of this revenue, the Group achieved a profit before tax of RM10.08 million against profit before tax of RM1.15 million in the corresponding quarter, attributed mainly to higher sales recorded and our prudent internal cost control in the current quarter. Correspondingly, the Group recorded a profit after tax of RM9.87 million against profit after tax of RM1.15 million in the corresponding quarter.