June 26, 2017 7:04 AM ET

Real Estate Management and Development

Company Overview of Abric Berhad

Company Overview

Abric Berhad, an investment holding company, engages in the property investment activities in Malaysia. It is also involved in the provision of administrative services. The company was founded in 1983 and is based in Kuala Lumpur, Malaysia.

D5-5-5, Solaris Dutamas

No. 1, Jalan Dutamas 1

Kuala Lumpur,  50480

Malaysia

Founded in 1983

Key Executives for Abric Berhad

Chief Executive Officer and Executive Director
Age: 35
Executive Chairman and Managing Director
Age: 58
Chief Operating Officer, Head of Marketing and Vice President
Age: 40
Executive Director
Age: 28
Director of Technology Division
Age: 63
Compensation as of Fiscal Year 2016.

Abric Berhad Key Developments

Abric Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Reports Write-Off of Property, Plant and Equipment for the Fourth Quarter Ended December 31, 2016

Abric Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenue of MYR 358,000 against MYR 325,000 a year ago. Loss before tax was MYR 2,000 against MYR 6,768,000 a year ago. Loss for the period from continuing operations was MYR 143,000 or 0.09 sen per basic and diluted ordinary share against MYR 5,949,000 or 4.27 sen per basic and diluted ordinary share a year ago. Profit for the period attributable to owners of the company was MYR 157,000 or 0.11 sen per basic and diluted ordinary share against loss for the period attributable to owners of the company of MYR 2,546,000 or 1.82 sen per basic and diluted ordinary share a year ago. The increase in revenue from continuing operations was mainly due to higher rental income received from investment properties. The decrease in loss for the period from continuing operations was mainly due to fair value gain of MYR 1.13 million was recognized in the profit and loss in the fourth quarter of 2016 compared to a fair value loss of MYR 4.10 million recognized in the fourth quarter of 2015. For the year, the company reported revenue of MYR 1,395,000 against MYR 1,288,000 a year ago. Loss before tax was MYR 2,014,000 against MYR 6,643,000 a year ago. Loss for the period from continuing operations was MYR 2,155,000 or 1.48 sen per basic and diluted ordinary share against MYR 5,901,000 or 4.24 sen per basic and diluted ordinary share a year ago. Loss for the period attributable to owners of the company was MYR 1,255,000 or 0.86 sen per basic and diluted ordinary share against MYR 2,024,000 or 1.45 sen per basic and diluted ordinary share a year ago. Net cash flows from operating activities were MYR 2,177,000 against net cash flows used in operating activities of MYR 7,172,000 a year ago. Purchase of property, plant and equipment was MYR 894,000 against MYR 5,082,000 a year ago. Net assets per share were MYR 0.15 against MYR 0.63 a year ago. The company reported write-off of property, plant and equipment of MYR 678,000 against MYR 297,000 a year ago.

Abric Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended September 30, 2016

Abric Berhad Limited announced unaudited consolidated earnings results for the fourth quarter and year ended September 30, 2016. For the quarter, the company reported revenue of MYR 0.356 million as compared to MYR 0.324 million for the same period last year. Loss before tax was MYR 0.602 million as compared to MYR 0.320 million for the same period last year. Loss for the period attributable to owners of the company was MYR 0.302 million as compared to profit for the period of MYR 0.011 million for the same period last year. Diluted loss per share attributable to owners of the company was 0.20 sen against nil for the same period last year. Loss for the period from the continuing operations was MYR 0.602 million as compared to profit for the period of MYR 0.011 million for the same period last year. Diluted loss per share from the continuing operations was 0.41 sen against nil for the same period last year. For the year, the company reported revenue of MYR 1.037 million as compared to MYR 0.963 million for the same period last year. Loss before tax was MYR 2.012 million as compared to profit before tax MYR 0.125 million for the same period last year. Loss for the period attributable to owners of the company was MYR 1.412 million as compared to profit for the period of MYR 0.522 million for the same period last year. Diluted loss per share attributable to owners of the company was 0.97 sen as compared to diluted earnings per share attributable to owners of the company of 0.37 sen for the same period last year. Loss for the period from the continuing operations was MYR 1.412 million as compared to profit for the period of MYR 0.522 million for the same period last year. Diluted loss per share from the continuing operations was 1.39 sen against profit of 0.03 sen for the same period last year. Net cash flows from in operating activities was MYR 2.776 million as compared to net cash flows used in investing activities MYR 5.875 million for the same period last year. Purchase of property, plant and equipment was MYR 0.694 million against MYR 4.346 million a year ago.

Abric Berhad Announces Resignation of Lim Hing Yoong as CFO

Abric Berhad announced Lim Hing Yoong, CFO has resigned. The effective date is August 12, 2016.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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