Mintye 3Q net profit up 43%
KUALA LUMPUR: Mintye Industries Bhd’s 3QFY12 ended October net profit rose 43% from a year earlier as the automotive brake pad manufacturer raked in higher sales despite registering higher selling and administration expenses.
Net profit came in at RM1.72 million or 2.83 sen a share for 3QFY12 against RM1.2 million or 1.98 sen a year ago. Revenue rose 21% to RM15.07 million from RM12.49 million previously.
Sequentially, net profit and revenue fell 19% and 2.6%, respectively.
Its cumulative nine-month net profit rose 3% to RM5.12 million from RM3.94 million a year ago as revenue rose 14% to RM43.39 million from RM38.1 million.
Alam Maritim lands Shell job
KUALA LUMPUR: Oil and gas support services company Alam Maritim Resources Bhd has secured a RM29.8 million job from Sarawak Shell Bhd to instal offshore transport modules for the oil major.
In a statement yesterday, Alam Maritim said the nine-month contract commenced in the fourth quarter of this year and is expected to complete by May 2012. The contract is not renewable, but is expected to positively boost earnings and net tangible assets for FY11 ending Dec 31 and beyond, it said.
EONCap pays final dividend
KUALA LUMPUR : Recently de-listed EON Capital Bhd (EONCap) yesterday paid its shareholders a final tax-exempt special dividend of three sen a share, higher than the 2.45 sen apiece that it expected to pay shareholders late September.
The payout was on top of the special dividend and capital repayment made in June and September this year, totalling RM 7.76 per share, the company said in an emailed statement yesterday.
The payout followed the disposal of EONCap’s entire assets and liabilities, including EON Bank Group, to Hong Leong Bank Bhd last May. EONCap was delisted from Bursa Malaysia on Sept 27 this year.
This article appeared in The Edge Financial Daily, December 29, 2011.
KUALA LUMPUR: Mintye Industries Bhd’s 3QFY12 ended October net profit rose 43% from a year earlier as the automotive brake pad manufacturer raked in higher sales despite registering higher selling and administration expenses.
Net profit came in at RM1.72 million or 2.83 sen a share for 3QFY12 against RM1.2 million or 1.98 sen a year ago. Revenue rose 21% to RM15.07 million from RM12.49 million previously.
Sequentially, net profit and revenue fell 19% and 2.6%, respectively.
Its cumulative nine-month net profit rose 3% to RM5.12 million from RM3.94 million a year ago as revenue rose 14% to RM43.39 million from RM38.1 million.
Alam Maritim lands Shell job
KUALA LUMPUR: Oil and gas support services company Alam Maritim Resources Bhd has secured a RM29.8 million job from Sarawak Shell Bhd to instal offshore transport modules for the oil major.
In a statement yesterday, Alam Maritim said the nine-month contract commenced in the fourth quarter of this year and is expected to complete by May 2012. The contract is not renewable, but is expected to positively boost earnings and net tangible assets for FY11 ending Dec 31 and beyond, it said.
EONCap pays final dividend
KUALA LUMPUR : Recently de-listed EON Capital Bhd (EONCap) yesterday paid its shareholders a final tax-exempt special dividend of three sen a share, higher than the 2.45 sen apiece that it expected to pay shareholders late September.
The payout was on top of the special dividend and capital repayment made in June and September this year, totalling RM 7.76 per share, the company said in an emailed statement yesterday.
The payout followed the disposal of EONCap’s entire assets and liabilities, including EON Bank Group, to Hong Leong Bank Bhd last May. EONCap was delisted from Bursa Malaysia on Sept 27 this year.
This article appeared in The Edge Financial Daily, December 29, 2011.
