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Financials

Quarterly Report For The Period Ended 31 July 2009

Financials Archive
 

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Unaudited Condensed Consolidated Income Statement For The Period Ended 31 July 2009

  Current Year Quarter
31/7/2009
RM'000
Preceding Year Quarter
31/7/2008
RM'000
Current Year-To-Date
31/7/2009
RM'000
Preceding Year-To-Date
31/7/2008
RM'000
Revenue 21,594 18,275 70,376 60,383
Other Operating Income 1,309 795 3,630 2,962
Other Operating Expenses (18,637) (16,434) (59,535) (52,689)
  4,266 2,636 14,471 10,656
Finance Cost (1) (1) (3) (3)
         
Profit Before Taxation 4,265 2,635 14,468 10,653
Taxation
B(5)
(1,346) (1,017) (4,992) (3,854)
Profit For The Financial Period 2,919 1,618 9,476 6,799
         
Attributable To:        
Equity holders Of The Company 2,919 1,626 9,476 6,812
Minority Interests - (8) - (13)
  2,919 1,618 9,476 6,799
         
Earnings Per Share Attributable To The Equity Holders Of The Company (sen)        
Basic Earnings Per Share 3.3 1.8 10.7 7.7
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 2008)
 

Review of Performance

Review of Performance

For the third quarter under review, the Group's revenue increased by 18% from RM18.3 million last year to RM21.6 million. The Group's profit before taxation grew by 62% from RM2.6 million last year to RM4.3 million.

For the period ended 31 July 2009, the Group's revenue increased by 17% from RM60.4 million last year to RM70.4 million. In line with the higher revenue achieved, the Group's profit before taxation for the period ended 31 July 2009 increased by 36% from RM10.7 million last year to RM14.5 million.

The growth in revenue and profits for both the third quarter and financial year-to-date was driven by higher student numbers and increase in the number of programmes offered.

 

Condensed Consolidated Balance Sheet As At 31 July 2009

  Unaudited As at end of Current Quarter
31/7/2009
RM'000
Audited As at preceding financial year ended
31/10/2008
RM'000
NON-CURRENT ASSETS    
Property and equipment 46,469 47,910
Intangible assets 3,487 3,490
  49,956 51,400
     
CURRENT ASSETS    
Trade receivables 6,168 2,608
Other receivables 7,561 8,322
Tax recoverable 35 85
Cash and cash equivalents 72,447 74,005
  86,211 85,020
     
CURRENT LIABILITIES    
Fees received in advance 17,922 18,499
Other payables 24,162 32,636
Hire purchase creditors 7 14
Tax payable 123 294
  42,214 51,443
NET CURRENT ASSETS 43,997 33,577
  93,953 84,977
     
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE COMPANY    
Share capital 44,388 44,388
Share premium 2,533 2,533
Retained earnings 43,559 36,080
     
Total Equity 90,480 83,001
     
NON-CURRENT LIABILITIES    
Deferred tax liabilities 3,473 1,973
Hire purchase creditors - 3
  3,473 1,976
  93,953 84,977
Net Assets Per Share (RM) 1.02 0.93
     
(The Condensed Consolidated Balance Sheet should be read in conjunction with the Annual Financial Report for the year ended 31 October 2008)
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