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Financials

Third Quarter Results Financial Statement And Related Announcement


Financials Archive

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INCOME STATEMENT FOR THE 3RD QUARTER AND 9 MONTHS ENDED 30 SEPTEMBER 2017

Income Statement

STATEMENT OF COMPREHENSIVE INCOME FOR THE 3RD QUARTER AND 9 MONTHS ENDED 30 SEPTEMBER 2017

Statement Of Comprehensive Income

Balance Sheet

Balance Sheet

Review of Group Performance

Revenue

PCS – Revenue decreased by $1.8M in 3Q2017 mainly due to lower prepaid sales and lower revenue from Malaysia partially mitigated by sales of Samsung Note 8 and iPhone 8/8+. In 9M2017, there were higher revenue from Singapore but lower revenue from Malaysia.

ICT – Revenue decreased by $4.1M in 3Q2017 and $9M in 9M2017 mainly due to lower equipment sales, lower enterprise solutions sales and lower wholesale voice revenue.

Engineering – Revenue increased by $1.2M and $6.7M in 3Q2017 and 9M2017 respectively. The higher revenue in 3Q2017 was mainly from Indonesia and Philippines operations. In 9M2017, all operations reported higher revenue.

PBT

PCS – PBT decreased by $0.4M and $0.9M in 3Q2017 and 9M2017 respectively mainly due to lower profit contribution from the Malaysian operations partially mitigated by the higher profit contribution from the Singapore operations.

ICT – PBT decreased by $0.6M in 3Q2017 and maintained at loss of $1.1 in 9M2017 was mainly due to lower revenue mitigated by lower operating expenses.

Engineering – PBT decreased by $0.3M and $0.4M in 3Q2017 and 9M2017 respectively mainly due to increase in operating expenses to support overseas operations.

Prospects

Based on the current outlook and barring any unforeseen circumstances, the Group expects operating performance for 4Q2017 and full year 2017 to be lower than the corresponding periods of 2016.

This release may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from other companies and venues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, including employee wages, benefits and training, and governmental and public policy changes. You are cautioned not to place undue reliance on these forward looking statements, which are based on current view of management on future events.