March 01, 2015 7:36 AM ET

Communications Equipment

Company Overview of SMTrack Berhad

Company Overview

SMTrack Berhad provides radio frequency identification (RFID) solutions primarily in Malaysia. The company is engaged in the research, design, distribution, and deployment of radio frequency identity tags and other tagging solutions using broadband networks; and provision of training, instrumentation, systems integration, maintenance, and consultancy services. Its solutions include Secured Trade, a RFID secure solution for reading and detecting secure logistic containers asset management and movements; food traceability system, a Web based solution that provides the food supply chain information from the ranch/farm to consumers; and fleet management system for trucks, taxi, and heavy vehicle...

4808-1-26, CBD Perdana 2

Persiaran Perdana

Cyberjaya,  63000

Malaysia

Founded in 2004

Phone:

60 3 8319 4088

Fax:

60 3 8601 0271

Key Executives for SMTrack Berhad

SMTrack Berhad does not have any Key Executives recorded.

SMTrack Berhad Key Developments

SMTrack Berhad Announces Unaudited Consolidated Earnings Results for the Quarter and Fifteen Months Ended December 31, 2014

SMTrack Berhad announced unaudited consolidated earnings results for the quarter and fifteen months ended December 31, 2014. For the quarter, the company's revenue was MYR 0.21 million compared with MYR 0.24 million a year ago. Operating loss was MYR 6.7 million compared with MYR 1.7 million a year ago. Loss before taxation was MYR 6.7 million compared with MYR 1.7 million a year ago. The significant increase in loss before taxation was mainly due to impairment of investment in a jointly controlled entity of MYR 4.988 million. Net loss attributable to owners of the company was MYR 6.7 million or 2.51 sen per diluted share compared with MYR 1.7 million or 0.73 sen per diluted share a year ago. For the fifteen months, the company reported revenue of MYR 2.6 million, operating loss of MYR 13.5 million, loss before taxation of MYR 13.5 million, net loss attributable to owners of the company of MYR 13.5 million or 4.98 sen per diluted share, net cash flow from operating activities of MYR 5.0 million, purchase of plant and equipment of MYR 0.53 million. As on December 31, 2014, the company's net assets per share attributable to ordinary equity holders of the company was MYR 0.05.

SMTrack Berhad Inks Deal with Energy Corp

SMTrack Bhd has inked an agreement with Energy Corp(SREC) to buy palm acid oil from palm oil mill in Malaysia and export them to other Southeast Asian markets. For the next 24 months, SREC will purchase 5,000 tonnes of palm acid oil per month based on the market prices.

SMTRACK Berhad Announces Change of Financial Year End

The Board of Directors of SMTRACK Berhad has approved the change of financial year of the Company from 30 September to 31 March. The next audited financial statements of the Company shall be for a period of eighteen (18) months, made up from 1 October 2013 to 31 March 2015. Thereafter, the subsequent financial years of the Company shall end on 31 March every year.

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