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IQGROUP

Quarterly rpt on consolidated results for the financial period ended 31/3/2010

Amended Announcements
Please refer to the earlier announcement reference number: CP-100527-2011D

IQ GROUP HOLDINGS BERHAD

Financial Year End

31/03/2010
Quarter4
Quarterly report for the financial period ended31/03/2010
The figureshave not been audited

Remarks :
The amendment to the Unaudited Fourth Quarter Results is in adherence to the IQ Group Holdings Bhd. ("IQGHB" or the "Company" ) Board of Directors' recent consideration of the possible liquidation of the Company's wholly - owned subsidiary in the People’s Republic of China (i.e. Dong Guan Zhong Jia Electronics Co. Ltd. ) as part of the Company’s rationalisation of its production operations in China and accordingly for consistency with the Financial Reporting Standard requirement, a higher provision is made accordingly in advance for impairment losses from disposal of its stock inventories.

During the announcement of the Unaudited Fourth Quarter Results for the period ended 31 March 2010, the Board was not able to ascertain with some definiteness the amount that should be made for the impairment losses without more investigation which was completed only recently.
  • Default Currency
  • Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
31/03/2010

 
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/03/2010
31/03/2009
31/03/2010
31/03/2009
$$'000
$$'000
$$'000
$$'000
1Revenue
36,970
43,442
132,760
151,935
2Profit/(loss) before tax
-14,030
-614
-11,977
-2,105
3Profit/(loss) for the period
-13,549
-803
-11,413
-2,103
4Profit/(loss) attributable to ordinary equity holders of the parent
-13,549
-803
-11,413
-2,103
5Basic earnings/(loss) per share (Subunit)
-15.94
-0.94
-13.43
-2.47
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
1.1400
1.3300
Definition of Subunit:

In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence


Announcement Info

Company NameIQ GROUP HOLDINGS BERHAD  
Stock Name IQGROUP    
Date Announced8 Jul 2010  
CategoryFinancial Results
Reference NoCP-100708-65716