Milux Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017; Provides Revenue Guidance for the Fourth Quarter of 2017
For the nine months, the company reported revenue was MYR 59,429,000 against MYR 53,433,000 a year ago. Loss before tax was MYR 377,000 against MYR 88,000 a year ago. Loss attributable to owners of the parent was MYR 391,000 or 0.72 sen per basic share against MYR 672,000 or 1.24 sen per basic share a year ago. Net cash used in operating activities was MYR 1,704,000 against MYR 1,946,000 a year ago. Purchase of property, plant and equipment was MYR 825,000 against MYR 848,000 last year.
In line with the seasonal nature of the Group's business, the Group is expected to achieve higher revenue for the fourth quarter despite the softer domestic demand currently experienced.