Reasons for Negative Profit in Q4:
Margins Were Compressed
Despite RM20.3 million in revenue, operating profit was only RM736,000.
This indicates increased costs and reduced efficiency compared to previous quarters.
High Selling & Distribution Expenses
Selling and distribution expenses were RM3.62 million, nearly 44% of gross profit.
That’s disproportionately high and squeezed net margins.
IPO-Related Listing Expenses (Non-Recurring)
The company incurred RM1.599 million in one-off IPO expenses (as disclosed in Note 3).
After adjusting for this, adjusted PAT = RM1.273 million (Q4).
So the loss was not operational, but due to non-recurring IPO costs.
Higher Administrative Expenses
Admin expenses of RM4.24 million in Q4 alone (compared to RM3.5 million in Q3).
These may include IPO-related costs, professional fees, etc.
Tax Expense Higher Than PBT
Profit before tax = RM535,000, but income tax expense = RM743,000.

All in 了吗？每次都说到多少就买，到了又不敢

哈哈今天的你还在吗？