Focus Point Holdings Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2017
For the full year, the company reported revenue of MYR 165,121,000, interest income of MYR 395,000, profit before tax of MYR 1,911,000, and net loss attributable to owners of the parent of MYR 458,000 or 0.28 sen per basic share against revenue of MYR 161,946,000, interest income of MYR 456,000, profit before tax of MYR 643,000, and net loss attributable to owners of the parent of MYR 1,198,000 or 0.73 sen per basic share a year ago. Net cash generated from operating activities was MYR 10,593,000 compared to MYR 9,495,000 a year ago. Purchase of property, plant and equipment was MYR 3,395,000 compared to MYR 3,776,000 a year ago.
For the quarter, the company reported impairment loss on property, plant and equipment was MYR 698,000 compared to MYR 99,000 a year ago.