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PCS - Revenue increased in 4Q2017 mainly due to sales of mobile devices partially offset by lower Prepaid sales. There was also higher revenue from Malaysia in 4Q2017. In FY2017, there were higher revenue from Singapore but lower revenue from Malaysia.
ICT - Revenue increased in 4Q2017 mainly due to higher software and enterprise solutions sales. In FY2017 revenue decreased was mainly due to lower equipment sales and wholesale voice revenue which was discontinued in 1Q2017.
Engineering - Revenue decreased in 4Q2017 was mainly from Singapore and Malaysia operations. In FY2017, revenue increased was from all operations except for Singapore.
PCS - In 4Q2017, there was higher PBT from Malaysia from higher revenue. This was partially offset by the higher professional fees incurred for M&A activities. In FY2017, the profit contribution from the Malaysian operations was lower and there was higher professional fee incurred.
ICT - In 4Q2017, there was higher gross profit and lower operating expenses. In FY2017, the lower gross profit was mitigated by the lower operating expenses.
Engineering - In 4Q2017 and FY2017, the higher gross profit was partially offset by the increase in operating expenses to support overseas operations.
Based on the current outlook and barring any unforeseen circumstances, the Group expects operating performance for the 1Q2018 to be maintained as the same period of last year. However, 2018 full year operating performance is expected to be lower than that of last year. The Group will continue to explore strategic initiatives to further enhance the business operating performance.
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.