Wednesday, March 28, 2007

Nextnation - Q3 result

Finally, Nextnat announced their Q3 result.
Nothing to 'wow' about. Below is the brief summary of the result:

Revenue: 28.2 mil
Profit : 5.6 mil
EPS : 2.5 sen

Everything is within expectation with not impressive overseas result. Please refer to the breakdown:

Revenue : Malaysia - 17.2 mil; Other countries: 14.1 mil
Net profit : Malaysia - 5.1 mil; Other countries: 0.6 mil

I wondering what are happening to the overseas operation for the low net profit. Something must be done before it is too late.

Private placement is not completed with another application to SC to extend it for another 3 months (still pending the approval from SC). Bonus issue will be done after the completion of private placement.

Once again, please do not enter Nextnat if you intend to trade short-term. You have almost 99.9% chances of losing your money.

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