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The Group recorded higher revenue at RM83.3 million in the current quarter as compared to RM40.7 million registered in the corresponding quarter last year, representing an increase of 104.8 %. The higher revenue recorded was mainly due to increase in sales from automated equipment and smart control solution system segment which was partially offset by the decrease in sales from automated manufacturing solution segment. Taking into account the non-recurring expenses of RM4.7 million, the Group recorded a profit before tax of RM9.4 million in the current quarter. Should the effects of the non-recurring expenses be excluded, the Group would have exhibited a pre-tax profit of RM14.1 million which is RM5.7 million (67.9%) higher than the pretax profit of RM8.4 million in the previous corresponding quarter.
Performance of the respective operating segments which includes inter-segment transactions for the current quarter as compared to the previous corresponding quarter is analysed as follows:-
This segment recorded an increase in revenue by RM53.1 million to RM72.7 million as compared to the previous corresponding quarter. The substantial revenue growth of 270.9% was primarily driven by the increase in demand for our MEMS & smart sensor test handler solutions due to the increasing prevalence of smart sensors in telecommunication and semiconductor segment. As a result of higher revenue achieved, this segment recorded a higher profit before tax of RM14.3 million against profit before tax of RM6.1 million in the previous corresponding quarter, which represented an increase of 134.4%. However, the increase in profit before tax was not in tandem with the increase in revenue due to the difference in sales mix.
Automated manufacturing solution
Revenue from this segment in the current quarter was RM9.7 million lower against revenue of RM19.1 million in the previous corresponding quarter. This was due to lower demand for the integrated manufacturing solution from customers in the current quarter. As a result of lower revenue achieved, this segment recorded a loss before tax of RM1.6 million as compared to profit before tax of RM2.6 million in the previous corresponding quarter.
Smart Control Solution System
This segment recorded an increase in revenue by RM1.1 million to RM3.0 million for the current quarter under review. Due to the slight increase of revenue achieved, this segment recorded a lower loss before tax of RM0.2 million as compared to the loss before tax of RM0.4 million in the previous corresponding quarter.
The Group generally remains positive for year 2017 based on the current book order on hand. While we continue to focus on our core competencies, we shall maintain and continue to build on our established knowledge base and expertise with the latest technology to increase our value-add to our customers.
Subject to the external market conditions and macroeconomic factors, the Company believes that its performance will continue to grow positively for this year.