George Kent posts robust growth for year ended 31 January 2010
Wednesday, 30 April 2008 08:00
 
Financial year ended 31 January

                 2010                  (Unaudited)

              2009                (Audited)

 Change
RM'000 RM'000 %
Revenue 125,084 106,933 +17%
Operating profits 26,761 14,457 +85%

                                                                                        Profit before taxation

 

20,719

14,618

+83%
Profit attributable to ordinary equity holders of the company 20,127 11,193 +80%
Earnings per share (50 sen) 8.9 5.0 +78%
Net assets per share (50 sen) 65.9 70.4

                                            -

 
                                                                                  Dividend (sen/share)

4.0*

3.5

-
* Include declared dividene which is subject to shareholders" approval.


Key Points

- MMI division's revenue lowered by 18% year-on-year (y-o-y) to RM70mn due to lower material prices and lower demand during early part of financial year.                   - IWC division's revenue increased by 154% y-o-y to RM55mn enhanced by higher order book.                                                                                                            - Expansion in operating profiit margins to 21.4% from 13.5% in FY09, through greater efficiencies.                                                                                                        - Company is in a strong net cash position of RM37mn, vis-a-vis RM6mn as at end January 2009. 

On behalf of the Board of directors, Chairman Tan Sri Dato' Tan Kay Hock said, " We are delighted with our reported financial resuilts in view of the uncertain economic conditions faced by thr Group and close to 30% compounded average growth rate of the Group's net profit attributed to shareholders over the past five years. The company is well positioned to sustain growth. Expansion of manufacturing facilities is timely in capturing stronger demand both locally and overseas. We are also confident in further growing the construction orderbook in our IWC division."

 
 

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