ACE Market-listed company, PUC Bhd (formerly known as PUC Founder (MSC) Bhd), which last week reported the financial results for the second quarter of fiscal year 2017 ending 30 June(Q2FY17), announced that its revenue increased 17.29% from RM8.63 million in the previous quarter (Q1FY17) to RM10.13 million mainly contributed by its Advertising & Media (A&M) arm.
Its Gross Profit (GP) and Profit after Taxation (PAT) also recorded improvements to the tune of 42.75% and 242.28% respectively, as compared to Q1FY17 as a result of better profit margin achieved by A&M through increased sales. GP and PAT margins for Q2 were at 39.30% and 4.16% respectively.
On a year-to-year basis, PUC similarly saw improvements in revenue of 99.04% in Q2FY17 as compared to the same period in the previous year (Q2FY2016) which was at RM5.09 million, mainly driven by the A&M business and the contribution from the Renewable Energy (RE) business since the third quarter of year 2016.
PAT however, dropped by 15.12% by comparing with Q2FY2016 due to higher contribution from lower profit margin sales mix this year and increased manpower costs, which are being channeled towards building the talent pool to boost the company’s e-commerce and financial technology-related business.
Group Managing Director and Chief Executive Officer of PUC, Cheong Chia Chou said, “PUC is constantly evolving to be the next key leader in the digital media and electronic commerce space. We look forward to the introduction of our new first of its kind e-commerce and payment services to the market in the near term.”