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The Group recorded LBT of RM5.0 million in the current quarter, an increase loss of RM5.1 million from PBT of RM0.1 million in the corresponding quarter last year. This was mainly attributed by the higher revenue from lower margin products. Furthermore, the Group incurred RM0.5 million (YTD RM1.4 million) on development of several products which are slated to go into mass production in the next three to six months.
The Group’s trade and other payables as at 30 June 2020 stood at RM44.7 million compared to fYE2019 of RM14.3 million, an increase of RM30.4 million or 212.6%. The increase was mainly due to the higher trade purchases to cater for higher orders and new product launch in the coming months. These was also the reason for the high inventories as at 30 June 2020 of RM57.9 million compared to RM34.3 as at 30 June 2019.
