KUALA LUMPUR (Jan 19): 1 Utopia Bhd, formerly TEJARI TECHNOLOGIES BHD [], posted net losses of RM412,000 in the fourth quarter ended Nov 30, 2011 (4Q11) from a net profit of RM218,000 a year ago due to higher taxation.
It said on Thursday it paid taxed amounting to RM942,000 in 4Q11 compared with only RM103,000 a year ago.
As for revenue, it increased by 33.6% to RM129.26 million from RM85.83 million. The increase was mainly due to the consolidation of revenue of its new subsidiary, PDA Expert Mobility Sdn Bhd and increased contribution from the two subsidiaries, PC3 TECHNOLOGY [] Sdn Bhd and Essential Action Sdn Bhd.
However, the higher revenue was offset also by the higher cost of sales at RM123.84 million in 4Q11 compared with RM79.73 million in 4Q10.
“The group generated a profit before taxation (PBT) of RM1.1 million for 4Q11 as compared to profit before taxation of RM700,00 in 4Q10. The profit was mainly due to the contribution from PDA Expert Mobility,” it said.
It recorded loss per share of 0.06 sen compared with earnings per share of 0.11 sen.
For the financial year ended Nov 30, 2011, its earnings plunged to RM45,000 compared with RM497,000 a year ago.
Its full year revenue, however, increased by 228% to RM456.13 million from RM138.93 million.
It said on Thursday it paid taxed amounting to RM942,000 in 4Q11 compared with only RM103,000 a year ago.
As for revenue, it increased by 33.6% to RM129.26 million from RM85.83 million. The increase was mainly due to the consolidation of revenue of its new subsidiary, PDA Expert Mobility Sdn Bhd and increased contribution from the two subsidiaries, PC3 TECHNOLOGY [] Sdn Bhd and Essential Action Sdn Bhd.
However, the higher revenue was offset also by the higher cost of sales at RM123.84 million in 4Q11 compared with RM79.73 million in 4Q10.
“The group generated a profit before taxation (PBT) of RM1.1 million for 4Q11 as compared to profit before taxation of RM700,00 in 4Q10. The profit was mainly due to the contribution from PDA Expert Mobility,” it said.
It recorded loss per share of 0.06 sen compared with earnings per share of 0.11 sen.
For the financial year ended Nov 30, 2011, its earnings plunged to RM45,000 compared with RM497,000 a year ago.
Its full year revenue, however, increased by 228% to RM456.13 million from RM138.93 million.
