pan malaysia holdings bhd (PGKH) Snapshot

Pan Malaysia Holdings Bhd reported unaudited consolidated financial results for the first quarter ended Mar. 31, 2013. For the quarter, the company reported revenue of MYR 2,575,000 against MYR 2,626,000 for the same period of last year. Profit from operations was MYR 536,000 against MYR 524,000 for the same period of last year. Loss before taxation was MYR 123,000 against profit of MYR 725,000 for the same period of last year. Loss attributable to equity holders of the company was MYR 123,000 or 0.01 sen per basic share against profit of MYR 725,000 or 0.08 sen per basic share for the same period of last year. Net cash from operating activities was MYR 256,000 against MYR 296,000 for the same period of last year. Purchase of property, plant and equipment was MYR 84,000 against MYR 2,000 for the same period of last year. The decrease in revenue is due to lower occupancy rate of the hotel operations. The loss for the current period is due to share of associate's loss.

Pan Malaysia Holdings Bhd announced resignation of Ng Hock Ping as Joint Secretary, effective March 13, 2013.

Pan Malaysia Holdings Bhd announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue was MYR 3,543,000 compared to MYR 3,578,000 for the same period a year ago. Profit from operations was MYR 751,000 compared to MYR 584,000 for the same period a year ago. Loss before taxation was MYR 38,749,000 compared to profit before taxation of MYR 3,183,000 for the same period a year ago. The loss for the current year is due to higher share of associate’s loss. In the previous year, the profit was mainly from bad debt recovery. Loss attributable to equity holders of the company was MYR 38,743,000 or 4.17 sen per basic share compared to profit attributable to equity holders of the company of MYR 3,186,000 or 0.35 sen per basic share for the same period a year ago. Loss for continuing operations was MYR 38,743,000 compared to profit for continuing operations of MYR 3,184,000 for the same period a year ago. For the year, the company reported revenue was MYR 11,373,000 compared to MYR 10,925,000 for the same period a year ago. Profit from operations was MYR 2,025,000 compared to MYR 1,988,000 for the same period a year ago. Loss before taxation was MYR 39,255,000 compared to profit before taxation of MYR 1,401,000 for the same period a year ago. The loss for the current year is due to higher share of associate’s loss as a result of impairment made on intangible assets of the associate. Loss attributable to equity holders of the company was MYR 39,249,000 or 4.23 sen per basic share compared to profit attributable to equity holders of the company of MYR 1,441,000 or 0.15 sen per basic share for the same period a year ago. Net cash from operating activities was MYR 3,791,000 compared to MYR 4,183,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 520,000 compared to MYR 97,000 for the same period a year ago. Loss for continuing operations was MYR 39,249,000 compared to profit for continuing operations of MYR 1,401,000 for the same period a year ago.