Financials
CONSOLIDATED INCOME STATEMENTS
Quarterly Report On Consolidated Results For The First Quarter Ended 31 March 2009
The Figures Have Not Been Audited
(The Condensed Consolidated Income Statement should be read in conjunction with Audited Financial Statements for the financial year ended 31 December 2008)
CONSOLIDATED BALANCE SHEET
Quarterly Report On Consolidated Results For The First Quarter Ended 31 March 2009
The Figures Have Not Been Audited
(The Condensed Consolidated Balance Sheet should be read in conjunction with Audited Financial Statements for the financial year ended 31 December 2008)
Review of Performance
For the quarter ended 31 March 2009, the Group recorded revenue of RM10.52 million, representing a decrease of approximately 7.85% as compared to RM11.42 million achieved in the preceding year's corresponding quarter ended 31 March 2008. The decrease was mainly attributable to the slower sales in the domestic markets during the current quarter under review. The Group incurred a loss before taxation of RM3.08 million as compared to a loss before taxation of RM0.48 million in the preceding year's corresponding quarter ended 31 March 2008. The loss before taxation was mainly due to an increase in operational costs as a result of the continued regional expansion and the write-down of residual value of the Non-Europay MasterCard and Visa ("EMV") Electronic Data Capture ("EDC") terminals of RM1.38 million as depreciation.