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I don't understand why 1 qr (3 months) only suddenly can rugi so much money? the whole company not doing business at all and no people are working there but only collect salary?
Note 13 in report, there is temporary levy of deferred taxation of Rm252 million required UK Energy Profit Levy introduced by UK on July 22 for years 2023 to 2028.
Karen, will there be subsequent provision in coming quarters? Or this is only one shot provision? And can we expect DNeX make reversal every quarter? EPL tax is about 35% from income made on crude oil extract in UK. If my estimate is correct, this 35% EPL tax is for MYR1bil income from crude oil segment whereas Ping Pet makes around MYR150-350mil every quarter with 60% gross margin. Pls check and revert. Thanking you in advance.