Digistar Corporation Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2016; Provides Group Earnings Guidance for the Fiscal Year 2017
Digistar Corporation Berhad reported unaudited consolidated earnings results for the first quarter ended December 31, 2016. For the quarter, the company' revenue was MYR 15,567,000 against MYR 39,493,000 a year ago. Profit before taxation was MYR 4,325,000 against MYR 1,483,000 a year ago. Profit attributable to owners of the company was MYR 1,501,000 or 0.29 sen per diluted share against MYR 2,255,000 or 0.46 sen per diluted share a year ago. Net cash generated by operating activities was MYR 3,653,000 against net cash used in operating activities of MYR 90,841,000 a year ago. Purchase of property, plant and equipment was MYR 108,000 against MYR 1,303,000 a year ago. The decrease in revenue for the current quarter was mainly due to completion of the projects.
The Board expects the Group's performance in 2017 to remain positive.