KESM 9334 Share Price

The Group reported a profit before tax of RM3.3 million in the current financial year ended 31 July 2024 as compared to a loss before tax of RM2.2 million in the preceding year. The PBT recorded was inline with higher revenue that was largely attributed to higher demand for our services. Going Forward, the Group are working closely with our customers to remain agile, continuously adjusting our production plans to meet both challenges and opportunities.

The Group reported a loss before tax of RM2.6 million in 4QFY2022, compared to loss before tax of RM1.9 million in the preceding quarter ended 30 April 2022. The increase of RM0.7 million in loss before tax was largely due to higher fair value loss on investment securities by RM0.4 million and higher finance costs by RM0.2 million following the drawdown of loans

The Group achieved profit before tax of RM0.1 million in 2QFY2022, compared to RM8.7 million in the preceding quarter ended 31 October 2021. The decline was largely due to temporary production halt in China and material transfer disruptions, downward fair valuation adjustment of RM6.6 million on investment securities, partially offset by lower employee benefits expense to align to operational requirements, lower depreciation by RM0.9 million and higher dividend income by RM0.1 million.

The Group achieved profit before tax of RM1.9 million for 3QFY2021, compared to RM7.7 million in the preceding quarter ended 31 January 2021. This decrease of RM5.7 million in profit before tax was mainly due to lower net revenue by RM4.8 million, lower fair value gain by RM2.7 million, partially offset by lower repair and maintenance and utilities costs of RM1.1 million and higher gain on disposal of PPE by RM0.7 million.

The Group achieved profit before tax of RM1.5 million for 1QFY2021, compared to loss before tax of RM1.6 million in the preceding quarter ended 31 July 2020. This increase of RM3.1 million in profit before tax was mainly due to net revenue rose by RM10.2 million following increased volume, lower inventories write-down by RM1.4 million, partially offset by lower gain on disposal of PPE equipment by RM5.6 million, higher employee benefits expense of RM2.1 million and fair value loss adjustment of RM0.9 million, from a fair value gain of RM0.4 million to a fair value loss of RM0.5 million.

The Group reported a LBT of RM1.6 million for 4Q2020, compared to LBT of RM2.1 million in 3Q2020. This reduced loss was mainly due to lower employee benefits expense; lower depreciation of PPE; higher gain on disposal of plant and equipment; fair value gain adjustment, from a fair value loss to a fair value gain; partially offset by lower net revenue following reduced volume, and higher inventories write-down.

The Group achieved profit before tax of RM3.2 million for 2QFY2020, compared to RM6.1 million in the preceding quarter ended 31 October 2019. The decrease in profit before tax by RM2.9 million was mainly due to lower net revenue3 by RM5.4 million following reduced volume, coupled with absence of a gain on disposal of property of RM1.6 million.

In Financial Year End 2019, the directors’ remuneration was 1.76 million. It was slightly low compared to average in listed companies, considering the employees’ remuneration of 103.6 million and auditor’s remuneration of 365 thousands