Karambunai Corp Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2018
Karambunai Corp. Bhd reported unaudited consolidated earnings results for the first quarter ended June 30, 2018. For the quarter, the company reported revenue of MYR 13,648,000 compared to MYR 17,110,000 a year ago. Profit from operations was MYR 692,000 compared to MYR 3,039,000 a year ago. Profit before tax was MYR 689,000 compared to MYR 3,034,000 a year ago. Profit for the period attributable to owners of the parent was MYR 977,000 compared to MYR 3,016,000 a year ago. Basic and diluted earnings per share were 0.02 sen compared to 0.05 sen a year ago. Net cash used in operating activities was MYR 2,960,000 compared to net cash generated from operating activities of MYR 7,948,000 a year ago. Purchase of property, plant and equipment was MYR 97,000 compared to MYR 395,000 a year ago. Revenue was declined by 20.2% from the same period a year ago, attributed largely to the 20.1 % drop in Leisure and Tourism segment revenue. The change in profit before taxation from the same period a year earlier, attributed mostly to the decline in Leisure and Tourism segment profitability offset by an increase in profit contribution from the Property Development and Construction segment.