Nationwide Express Courier Services Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended March 31, 2014
For the year, the company reported revenue of MYR 97,742,000 compared to MYR 99,036,000 a year ago, a decrease of MYR 1.30 million (1.31%) due to the lower revenue contributed by each segment during the year. Loss before tax was MYR 766,000 compared to MYR 2,641,000 a year ago. Loss net of tax was MYR 891,000 or 1.48 sen basic per share compared to MYR 2,922,000 or 4.86 sen basic per share a year ago. Net cash used in operating activities was MYR 74,000 compared to net cash generated from operating activities of MYR 7,187,000 a year ago. Purchase of property, plant and equipment was MYR 6,978,000 compared to MYR 4,979,000 a year ago. The decrease in net loss was mainly due to the decrease in costs.