NextNation just released its Q1 earnings. Quarterly rpt on consolidated results for the financial period ended 31/7/2007
Trade receivables did improve. It's now 61.702 million.
- Revenue
The Group recorded a revenue of RM17.8 million in the current quarter as
compared to a revenue of RM21.5 million reported in the previous quarter. The decrease of 17.4% was mainly attributed to the Group’s continuous internal restructuring and system upgrading schemes. As a result, business transactions and projects with partners had been delayed. The management is positive that the restructuring and upgrading will enable better resources reallocation for the upcoming expansion.
Profit before taxation and net profit before minority interest
The Group generated profit before tax and profit after tax before minority interest of RM0.5 million and RM0.3 million respectively for the current quarter as compared to loss before tax and loss after tax before minority interest of RM0.2 million each in the previous quarter. The increase of 299.2% and 217.1% respectively was mainly due to the absence of allowance for doubtful debts made in the previous quarter.
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