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OPCOM - new sitcom soon
By Kim
July 31, 2014, 10:09:49 AM
Oldman told to watch and dont miss it.

My TP : RM1.00 cts

They making new sitcom in theatre.. Good luck!

Buy with ur...
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Author Topic: GREEN PACKET ACHIEVES PROFIT OF RM14 MILLION FOR FY2016  (Read 178 times)

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JamesJr.

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GREEN PACKET ACHIEVES PROFIT OF RM14 MILLION FOR FY2016
« on: February 28, 2017, 08:56:17 PM »
Stock N/A [.KL]
Last Traded Price N/A
Last Traded Date 01 Jan 1970
Last Traded Time 08:30 pm
Chg and % Chg N/A
Volume N/A
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PETALING JAYA, 28 FEBRUARY 2017 – Today, Green Packet Berhad (“Green Packet” or the “Group”) announced its fourth quarter financial results for the financial year ended 31 December 2016 (“FY2016”) with a revenue of RM371.8 million and earnings before interest, taxation, depreciation and amortisation (“EBITDA”) of RM17.4 million. 

The Group delivered a profit after tax attributable to owners of the company (“PAT”) of RM71.5 million mainly due continue improvement in core business earnings of RM 13.97 million, cessation of equity accounting of share of losses in associated company, Webe Digital Sdn Bhd (“Webe”) and fair value gains on reclassification from interest in associate to long term investment of RM98.2 million.  The Group has ceased to equity account the share of losses from the associate company from July 2016 onwards when Webe ceased to be an associate company of Green Packet on 31 July 2016.

During the fourth quarter period ended 31 December 2016 (“Q4FY2016”), the Group registered a total revenue of RM115.2 million contributed by its software and devices business amounting to RM54.2 million of the total revenue, registering 38% higher sales in Q4FY2016 as compared to year on year (“YOY”) basis contributed by improvement of sales in ASEAN and Middle East regions. Followed by revenue contribution from communication services business amounting to RM61.0 million of the total revenue, recording a higher revenue of 0.7% in Q4FY2016 as compared to YOY basis mainly due to overall improved sales from countries that Green Packet provide communication services.

In line with the higher revenue contribution from software and devices business and communication services business in Q4FY2016, the Group registered an EBITDA of RM8.07 million for Q4FY2016 contributed by the software and devices business and communication services business of RM5.8 million and RM2.3 million, respectively, which was 102.2% higher on YOY basis.

“We are predominantly an export based company and our strategy of geographically focusing on Asean and the Middle East has netted us good results.  We will continue to focus overseas, given that our local economic condition is challenging. Other key strategic industries that we are diversifying into include internet of all things (“IOT”); of which Green Packet recently invested 22% equity interest in Yen Global Berhad who is partnering Gemtek Technology Co. Limited and enhancing our service delivery platforms via our investment in Webonline Dot Com Sdn Bhd and Shenzhen Memo Technology Co Ltd. “With a cash pile of RM61.1 million, we will focus on looking at potential investments overseas in areas such as IOT and e-services platform which are complementary and synergistic to our existing business. We will be able to improve our performance based on our sales of new LTE products via a greater geographical reach in markets that have migrated to the new technology platform and expansion of our wholesale voice traffic as well as growing our wholesale data services. I am optimistic that we will be able to sustain our financial performance for the coming financial year” commented Mr. Tan Kay Yen, Chief Executive Officer and Executive Director of Green Packet.

 

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