KUALA LUMPUR (Jan 30): D’nonce TECHNOLOGY [] Bhd posted net loss of RM6.11 million in the first quarter ended Nov 30, 2011 compared with a net profit of RM498,000 a year ago due to the impact of the severe flooding in Thailand last year.
It said on Monday its factories in Bangkok were inundated by the flood waters which damaged its property, plant and equipment and inventories in early October 2011.
“The group has written off the assets which were damaged by the flood in this current quarter. Our insurance claim has yet to be finalized by the insurance company. As to date, our factories in Bangkok have yet to commence operations,” it said.
Its revenue rose 6.2% to RM40.78 million compared with RM38.36 million. Loss per share was 13.55 sen compared with earnings per share of 1.10 sen.
Notes to its accounts showed that operating expenses had increased to RM48.54 million from RM37.21 million. At the operations level, it reported losses of RM7.49 million compared with profit of RM1.35 million.
Its accumulated losses as at Nov 30, 2011 was RM19.25 million compared with RM13.14 million as at Aug 31, 2011.
It said on Monday its factories in Bangkok were inundated by the flood waters which damaged its property, plant and equipment and inventories in early October 2011.
“The group has written off the assets which were damaged by the flood in this current quarter. Our insurance claim has yet to be finalized by the insurance company. As to date, our factories in Bangkok have yet to commence operations,” it said.
Its revenue rose 6.2% to RM40.78 million compared with RM38.36 million. Loss per share was 13.55 sen compared with earnings per share of 1.10 sen.
Notes to its accounts showed that operating expenses had increased to RM48.54 million from RM37.21 million. At the operations level, it reported losses of RM7.49 million compared with profit of RM1.35 million.
Its accumulated losses as at Nov 30, 2011 was RM19.25 million compared with RM13.14 million as at Aug 31, 2011.
