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Last 0.20 MYR
Change Today +0.005 / 2.63%
Volume 344.6K
YGLC On Other Exchanges
Kuala Lumpur
As of 4:35 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

ygl convergence bhd (YGLC) Snapshot

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52 Week High
11/10/14 - 0.49
52 Week Low
08/6/14 - 0.12
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Current Stock Chart for YGL CONVERGENCE BHD (YGLC)

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ygl convergence bhd (YGLC) Details

Ygl Convergence Berhad, an investment holding company, markets and distributes computer software and hardware, and provides professional services primarily in Malaysia and rest of the Asia Pacific. It also develops and sells software systems; and offers software consultancy and computer systems integrated services. In addition, the company provides advisory, training, operation, and outsourcing services. Further, it offers domain expertise solutions for various industries comprising manufacturing, wholesale and distribution, hospitality, property management, library, human resource management, healthcare, business process automation, taxation, application performance and security, procurement, business intelligence, and laboratory. The company was founded in 1993 and is headquartered in Penang, Malaysia.

Founded in 1993

ygl convergence bhd (YGLC) Top Compensated Officers

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Executives, Board Directors

ygl convergence bhd (YGLC) Key Developments

Ygl Convergence Berhad Reports Audited Consolidated Earnings Results for the Year Ended December 31, 2014

Ygl Convergence Berhad reported audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue was MYR 7,939,206 compared to MYR 7,437,046 a year ago. Loss from operations was MYR 1,083,390 compared to MYR 2,450,628 a year ago. Loss before tax was MYR 1,254,231 compared to MYR 2,684,860 a year ago. Net loss for the year was MYR 1,281,924 compared to MYR 2,669,993 a year ago. Loss attributable to Owners of the Company was MYR 1,247,108 compared to MYR 2,572,351 a year ago. Loss per share attributable to owners of the Company was 0.71 sen compared to 1.55 sen a year ago. Net cash used in operating activities was MYR 247,991 compared to MYR 1,192,121 a year ago. Purchase of property, plant and equipment was MYR 180,737 compared to MYR 297,694 a year ago.

Ygl Convergence Berhad, Annual General Meeting, Jun 30, 2015

Ygl Convergence Berhad, Annual General Meeting, Jun 30, 2015., at 11:00 Singapore Standard Time. Location: The Northam Hotel. Agenda: To receive the directors' report and the audited financial statements for the financial year ended 31 December 2014 together with the auditors' report thereon; to approve the payment of Directors' fees of MYR 80,000 for the financial year ended 31 December 2014; to re-elect Dr. Ch'ng Huck Khoon and Mr. Chua Kiat Eng as directors; to re-appoint Messrs. Cheng & Co as auditors of the company until the conclusion of the next annual general meeting and to authorize the directors to fix their remuneration; as special business to consider authority to issue and allot shares pursuant to Section 132D of the Companies Act, 1965; and to transact any other business of which due notice shall have been given in accordance with the Companies Act, 1965 and the Company's articles of association.

Ygl Convergence Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Ygl Convergence Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue was MYR 2,504,478 compared to MYR 3,055,963 a year ago. Profit from operations was MYR 897,759 compared to loss from operations of MYR 116,167 a year ago. Profit before tax was MYR 839,617 compared to loss before tax of MYR 182,291 a year ago. Net profit was MYR 831,706 compared to net loss of MYR 187,785 a year ago. Profit attributable to owners of the Company was MYR 761,198 or 0.48 sen per basic share compared to loss attributable to owners of the Company of MYR 170,714 or 0.10 sen per basic share a year ago. Net cash from operating activities was MYR 254,265 compared to net cash used in operating activities of MYR 246,641 a year ago. Purchase of property, plant and equipment was MYR 2,349 compared to MYR 180,737 a year ago. The decrease in turnover was due to alignment of projects with low margin and increased demand for GST compliant enterprise solutions. Net profit was an increase of 872.8%. This was due to increased demand for Ygl own proprietary product during the quarter under review.


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