Goldis Berhad Reports 22.5% Drop in Pre-Tax Profit

Strategic Insights -

Goldis Berhad, formerly known as Gold Is Berhad, has released its financial results for the twelve months ended January 31, 2006, showing a significant drop in pre-tax profit. According to the company's filing to Bursa Malaysia, the group's pre-tax profit decreased by 22.5% to RM46.148 million (US$12.5 million) compared to the previous year. This decline is attributed to a lower contribution from the company's healthcare operations, which has been a major segment of the group's business.

Key Takeaways:

  • Goldis Berhad's pre-tax profit dropped by 22.5% to RM46.148 million (US$12.5 million) for the twelve months ended January 31, 2006.
  • The decline in profit is due to a lower contribution from the company's healthcare segment, which fell by 9% excluding one-off gains.
  • The group's revenue improved by 15.7% to RM182.229 million due to higher contributions from all major business segments except healthcare.
  • Goldis Berhad is mainly involved in the manufacturing of pharmaceutical products, paper-related products, and providing information technology and communication services.
  • The company also develops and manages fitness centres, retails sports equipment and sports wear, electronic products, and intelligent facilities management systems.
  • The board of directors expressed cautious optimism regarding the group's operational results for the current financial year.

Statistics:

  • Pre-tax profit: RM46.148 million (US$12.5 million)
  • Decline in pre-tax profit: 22.5%
  • Revenue: RM182.229 million (up 15.7% from the previous year)
  • Lower contribution from healthcare segment: 9% (excluding one-off gains)

Sources:

  • Asia Pulse Article, "Goldis Berhad posts 22.5% drop in pre-tax profit", March 27, 2006
  • Bursa Malaysia Filing, Goldis Berhad, March 24, 2006