JAG Berhad

KUALA LUMPUR: Waste management services provider JAG Bhd swung to an after-tax loss of RM8.23mil in the third quarter (Q3) ended Sept 30 from profit of RM1.72mil a year earlier due to higher staff cost.

The company said in a statement that its revenue for the quarter also fell to RM20.24mil from RM31.04mil previously, which was mainly due to lower commodity prices, specifically copper. 

JAG said it incurred a loss mainly due to the increased staff cost arising from the granting options to the eligible persons in the company and its subsidiaries pursuant to the share issuance scheme (SIS) of about RM9.08mil.

“If the expense arising from the grant of the SIS options is excluded, JAG would have recorded a profit after tax of RM851,000 for the said quarter,” the company said.

JAG had proposed to establish and the SIS up to 30% of the company’s total issued and paid-up share capital in April.

The group recorded an after-tax loss of RM6.61mil on revenue of RM60.88mil for the nine-month period ended Sept 30, 2015.

JAG executive director Datuk Ng Meow Giak said the management was satisfied with the company’s performance to date “in view of the challenging operating landscape.”

“The outlook in the immediate term is expected to stay challenging as the price of commodities remain low. Nevertheless, our investment in technologies to improve efficiencies and productivity have continued to bear fruits and we are also benefiting from the stronger US dollar,” he said.

Ng said JAG was actively seeking to expand its waste management processing capabilities from electronic waste to other areas to off-set its reliance on commodity prices. (Eighty percent of the waste processed at its is electronic waste.)

“At the same time, we are exploring opportunities to diversify our earnings stream by tapping into other business opportunities that can enhance value for our shareholders in meaningful yet sustainable ways. As a case in point, we are making positive progress with our joint venture initiative to expand in the 24-hour self-operated laundry business,” he added.

In September, JAG’s unit Jaring Metal Industries Sdn Bhd signed a joint-venture agreement with Bubblelab Laundry Sdn Bhd (BLSB) and BLSB’s director Wong Chan Kong to jointly undertake the development and operation of a 24-hour coin-operated laundry businessin Malaysia under the brand name of Bubblelab.

“To date, JAG has three operational Bubblelab outlets and aims to open a total of 10 outlets in the next six months,” it said.

JAG并不是像quarter result显示的那样亏钱，而是SIS option的赤字令到profit loss.如果不算SIS，除去tax, 还是有赚RM851,000. 如果是我，我是会投资在更好的公司。但是,since 他说要留着，那就帮他留着吧。也好，让我有机会学习，分析quarter result,然后多留意这间公司的动向。