Sasbadi posts RM4.04 million pre-tax profit for the third quarter

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KUALA LUMPUR: Sasbadi Holdings Bhd, en route for listing on the Main Market of Bursa Malaysia on Wednesday, posted a pre-tax profit of RM4.04 million for the third quarter ended May 31, 2014 on the back of RM17.94 million revenue.

No comparative figures are presented for the same quarter last year’s results as these are the first interim financial statements on the consolidated results for the quarter under review.

In a filing to Bursa Malaysia yesterday, the company said the quarterly report was announced pursuant to the listing requirements which required it to announce Sasbadi’s latest results at least two market days before the listing date.

“The revenue and profit of the current quarter were derived mainly from Sasbadi Sdn Bhd which is mainly involved in educational publishing and distribution of applied learning products.

“Sales of online educational products under Sasbadi Online Sdn Bhd picked up during the current quarter due to new products based on the modified version of the school-based assessment implemented in April,” it said.

On prospects, Sasbadi is cautiously optimistic of its outlook for the rest of the year. — Bernama