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KKL

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1.5¢ kollakorn corporation limited

Ann: Appendix 4C-KKL.AX, page-13

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retiredyoung

8,751 Posts.

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29/04/16

10:43

Post #: 17629944
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Originally posted by Ngein ↑

Yes. Very little money coming into the company. They need to close one of the big deals they have been talking about for the last years. Also what happened to the big deal they won in Thailand for the airport, some money should have flowed from that. We all need a bit update and soon.

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Hi Ngein

From the half yearly report:

As in previous periods Kollakorn Thailand has been equity accounted. The share of profits attributable to the Company from Kollakorn Thailand for the six month period was $820,087. Their revenue was $13,593,214 with a net profit of $3,075,404.

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Kollakorn Thailand’s obligations to retire bank debt meant that nearly all of the profit from the successful APP project had to be used to meet these obligations and therefore a dividend could not be considered.

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It is hoped that now that Kollakorn Thailand has significantly reduced debt, that as other projects are completed dividends will flow to the Company.

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Also from the half yearly report:

Management diligently continued to progress all projects, in particular:
• In Thailand the directors believe that the requirement this year for Thailand to change number plates to be ASEAN compliant will be the trigger for the rollout of a national RFID tag for all vehicles in Thailand. Recommendations to this effect have been submitted to the Government;

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• In Malaysia there has been informal approval for the use of our RFID tag for the border crossing to be established between Thailand and Malaysia, we are now awaiting formal approval from the Ministry of Transport. This could be the precursor to the use of our RFID tags at 5 other borders crossings;

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• Through Kollakorn Thailand, the Company will share in the implementation of a new driver’s licence system and car registration system. The new driver’s licences will contain finger prints of the driver. An exclusive licence has been negotiated with Beijing Hisign Technology Co Ltd for the use of their finger print technology.

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KKL Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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Ann: Appendix 4C-KKL.AX, page-13

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