浅淡G3 (7184) G3全球的第二季(30/6/2019)业绩
Group turnover achieved for the quarter was RM9.0 million. The turnover achieved was lower than the corresponding quarter last year of RM12.9 million by 30.2%. This was due to lower sales achieved by the ICT business for the quarter. The Group recorded a loss before tax of RM1.8 million for the quarter which is slightly higher than the loss before tax of RM1.6 million incurred in the corresponding quarter in the previous year due to
the reduced turnover.
The turnover of RM9.0 million for this quarter was higher than that achieved in the preceding quarter of RM6.1 million due to higher sales achieved by the apparel division as this quarter captures the Hari Raya festive period. In view of the higher turnover, the Group suffered a reduced loss before tax of RM1.8 million for this reporting quarter as compared to a loss of RM2.4 million recorded in the previous quarter
Current Year Prospects
The Group achieved a turnover of RM15.1 million for the first half of the year which was within expectations. The ICT business continues to show growth potential despite incurring losses as the Group prepares to move into the field of Artificial Intelligence, a new and innovative area of growth for the Group. The setting up of various subsidiaries to undertake new and related businesses in the ICT sector which will place the Group at the forefront of the industry. The Group will be well positioned to take advantage of improving prospects of the ICT industry for the current and next financial year.
On 29 March 2019, the Company announced a proposal to undertake the establishment and implementation of a Share Grant Scheme ('SGS") of up to 10% of the total number of issued shares of G3 (excluding treasury shares, if any) at any point in time during the duration of the Proposed SGS for the executive directors and employees of G3 and its subsidiaries who fufil the eligibility criteria. The Proposal has been approved by shareholders at an EGM on 22 August 2019. On 27 May 2019, the Company announced a proposal to dispose off the entire equity interests in 3 wholly owned subsidiaries, ie. Edwin Jeans (M) Sdn Bhd, GA Blue Corporation Sdn Bhd and Yen Retailing (M) Sdn Bhd to Triple Treasure Sdn Bhd for a total consideration of RM4,384,000. The proposal is pending completion as at the date of this report. On 26 April 2019, the Company announced the signing of a Memorandum of Understanding with SenseTime Group Ltd of Hong Kong and China Harbour Engineeering Co. Ltd of China for a proposed joint venture to set up an AI Park in Malaysia for the development of AI solutions and other related technology, facilities andinfrastruture. The project is still pending signing of any agreement.
子公司，即。 Edwin Jeans（M）Sdn Bhd，GA Blue Corporation Sdn Bhd和Yen Retailing（M）Sdn Bhd