KUALA LUMPUR (Jan 30); CONCRETE ENGINEERING PRODUCTS [] Bhd (CEPCO) net profit for the first quarter ended Nov 30, 2011 fell 57.3% to RM2.46 million from RM5.75 million a year earlier, due mainly to lower levels of deliveries due to customer’s current site requirements.
Revenue for the quarter jumped 80.5% to RM37.13 million from RM20.57 million in 2011. Earnings per share was 5.48 sen compared to 12.85 sen, while net assets per share was RM1.99.
Reviewing its performance, CEPCO said on Monday that revenue for the quarter rose due to improved sales volume is due to improved market demand.
On its outlook, CEPCO said the current year prospects were backed against its current order book and potential orders from new projects in Malaysia and regionally.
“The effects of major raw material prices would also have a direct effect on the prospects of the group as selling prices are based on current prices of raw materials.
“The group’s major raw materials include cement, steel bars, sand and aggregates,” it said.
Revenue for the quarter jumped 80.5% to RM37.13 million from RM20.57 million in 2011. Earnings per share was 5.48 sen compared to 12.85 sen, while net assets per share was RM1.99.
Reviewing its performance, CEPCO said on Monday that revenue for the quarter rose due to improved sales volume is due to improved market demand.
On its outlook, CEPCO said the current year prospects were backed against its current order book and potential orders from new projects in Malaysia and regionally.
“The effects of major raw material prices would also have a direct effect on the prospects of the group as selling prices are based on current prices of raw materials.
“The group’s major raw materials include cement, steel bars, sand and aggregates,” it said.
