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Quarterly Report For The Financial Period Ended 30 September 2017

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Condensed Consolidated Statement Of Profit or Loss And Other Comprehensive Income For The First Quarter Ended 30 September 2017

Comprehensive Income

Condensed Consolidated Statement Of Financial Position As At 30 September 2017

Financial Position

Performance Review

Current Quarter vs Preceding Year Comparative Quarter

For the current quarter, the Group reported a lower profit before tax of RM2.15 million on the back of RM8.79 million in revenue compared with the profit before tax of RM2.72 million and revenue of RM8.10 million in the preceding year comparative quarter.

The bedding operation in Malaysia reported lower profit before tax albeit a 10% increase in revenue due to higher marketing & distribution cost spent. Associates in China recorded lower profit for current quarter due to lower profit from both bedding and power businesses.

Current Year Prospects

The performance of the Group for the financial year ending 30 June 2018 is expected to be challenging in view of weak domestic consumer sentiment and higher raw materials costs.

Effective advertising and promotional activities and cost control measures have been implemented in order to maintain the market share and profit margin.