UCrest Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017
January 21, 2018
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UCrest Berhad reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2017. For the quarter, the company’s revenue was MYR 11,239,000 compared to MYR 61,000 a year ago. Profit before interest, taxes, depreciation and amortization was MYR 4,555,000 compared to loss of MYR 387,000 a year ago. Profit from operations was MYR 4,328,000 compared to loss from operations of MYR 542,000 a year ago. Profit before tax was MYR 4,315,000 compared to loss before tax of MYR 550,000 a year ago. Profit for the period was MYR 3,594,000 compared to loss for the period of MYR 550,000 a year ago. Total comprehensive profit attributable to owners of the company was MYR 3,594,000 compared to loss of MYR 550,000 a year ago. Diluted earnings per share were 0.78 sen compared to diluted loss per share of 0.15 sen a year ago.
For the six months, the company’s revenue was MYR 19,075,000 compared to MYR 283,000 a year ago. Profit before interest, taxes, depreciation and amortization was MYR 8,487,000 compared to loss of MYR 738,000 a year ago. Profit from operations was MYR 8,028,000 compared to loss from operations of MYR 1,050,000 a year ago. Profit before tax was MYR 8,004,000 compared to loss before tax of MYR 1,066,000 a year ago. Profit for the period was MYR 6,620,000 compared to loss for the period of MYR 1,066,000 a year ago. Total comprehensive profit attributable to owners of the company was MYR 6,620,000 compared to loss of MYR 1,066,000 a year ago. Diluted earnings per share were 1.45 sen compared to diluted loss per share of 0.29 sen a year ago. Net cash generated from operating activities was MYR 461,000 compared to net cash used in operating activities of MYR 612,000 a year ago. Purchase of property, plant & equipment was MYR 1,224,000 compared to MYR 136,000 a year ago.
UCrest Berhad is a Malaysia-based company, which is engaged in an investment holding and design, development and marketing of information technology related products and services. The Company is a provider of advanced cloud hospital and mobile health services. The Company provides iMedic application, which helps people with chronic conditions and other health conditions who may need to track daily health metrics, such as blood pressure, glucose, and oxygen saturation and more. The iMedic Cloud Hospital is used by renowned doctors and patients in the United States, China, Singapore, Malaysia, Taiwan, Indonesia, Russia and Middle East countries for the diagnosis, management and treatment of chronic diseases, such as cardiovascular diseases (CVD), cancer, diabetes, hypertension, sleep apnea, stroke rehabilitation and other diseases. Patients can upload test reports and Computed tomography (CT) scan, X-radiation (X-ray) and ultrasound done at the hospital to i-Medic Cloud Hospital.