Financials | HELP International Corporation

Financials

Quarterly Report For The Period Ended 30 April 2010

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Unaudited Condensed Consolidated Income Statement For The Period Ended 30 April 2010

		Current Year Quarter 30/4/2010 RM'000	Preceding Year Quarter 30/4/2009 RM'000	Current Year-To-Date 30/4/2010 RM'000	Preceding Year-To-Date 30/4/2009 RM'000
Revenue		30,976	27,927	54,487	48,782
Other Operating Income		1,833	1,282	2,66	2,321
Other Operating Expenses		(22,699)	(21,307)	(43,280)	(40,898)
		10,110	7,902	13,873	10,205
Finance Cost		-	(1)	(1)	(2)

Profit Before Taxation		10,110	7,901	13,872	10,203
Taxation	B(5)	(3,137)	(2,571)	(4,481)	(3,646)
Profit For The Financial Period		6,973	5,330	9,391	6,557

Attributable To:
Equity holders Of The Company		6,973	5,330	9,391	6,557



Earnings Per Share Attributable To The Equity Holders Of The Company (sen)
Basic Earnings Per Share		7.9	6.0	10.6	7.4
Fully Diluted Earnings Per Share		N/A	N/A	N/A	N/A

(The Condensed Consolidated Income Statement should be read in conjunction with the Annual Financial Report for the year ended 31 October 2009)

Review of Performance

For the second quarter under review, the Group’s revenue increased by 11% from RM27.9 million last year to RM31.0 million. The Group's profit before taxation grew by 28% from RM7.9 million last year to RM10.1 million.

For the period ended 30 April 2010, the Group's revenue increased by 12% from RM48.8 million last year to RM54.5 million. In line with the higher revenue achieved, the Group's profit before taxation for the period ended 30 April 2010 increased by 36% from RM10.2 million last year to RM13.9 million.

The growth in profit was driven by increase in revenue mainly from our home-grown programmes and prudent cost management.

Condensed Consolidated Balance Sheet As At 30 April 2010

	Unaudited As at end of Current Quarter 30/4/2010 RM'000	Audited As at preceding financial year ended 30/4/2009 RM'000
NON-CURRENT ASSETS
Property and equipment	46,631	47,493
Intangible assets	3,605	3,560
	50,236	51,053

CURRENT ASSETS
Trade receivables	4,908	3,279
Other receivables	19,814	7,098
Tax recoverable	80,738	849
Cash and cash equivalents	80,738	87,719
	105,536	98,945
TOTAL ASSETS	155,772	149,998

EQUITY AND LIABILITIES
Equity attributable to equity holders of the Company
Share capital	44,388	44,388
Share premium	2,533	2,533
Retained earnings	58,924	49,533
Total Equity	105,845	96,454

Non-current liabilities
Deferred tax liabilities	3,580	3,580

Current liabilities
Fees received in advance	18,004	20,331
Other payables	27,742	29,629
Hire purchase creditors	-	4
	46,347	49,964
Total Liabilities	49,927	53,544
TOTAL EQUITY AND LIABILITIES	155,772	149,988
Net Assets Per Share (RM)	1.19	1.09

(The Condensed Consolidated Balance Sheet should be read in conjunction with the Annual Financial Report for the year ended 31 October 2009)