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Quarterly Report For The Financial Period Ended 30 September 2016

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Condensed Consolidated Statement Of Profit or Loss And Other Comprehensive Income For The First Quarter Ended 30 September 2016

Comprehensive Income

Condensed Consolidated Statement Of Financial Position As At 30 September 2016

Financial Position

Performance Review

Current Quarter vs Preceding Year Comparative Quarter

For the current quarter, the Group reported a lower profit before tax of RM2.33 million on the back of RM11.60 million in revenue compared with the profit before tax of RM3.30 million and revenue of RM12.63 million in the preceding year comparative quarter.

The bedding operations in Malaysia reported a reduction in revenue mainly due to lower consumers' sales. It registered a higher profit before tax from improved margin. The stainless steel fitting operation reported higher loss before tax and lower revenue due to weak selling prices. Associates in China in the businesses of power generation contributed lower profit. The higher profit before tax in preceding year comparative quarter was mainly due to gain on deregistration of a subsidiary.

Current Year Prospects

The Group expects the prospects for the remaining quarters ending 30 June 2017 to be challenging due to current uncertainties in global economy. The Group's bedding and stainless steel fitting operations will continue to expand customer base and achieve efficiencies on cost management. Investments in China are expected to contribute positively.