KUALA LUMPUR (Feb 20): Diabochi Plastic and Packaging Industry Bhd’s earnings jumped 42.3% to RM5.91 million in the fourth quarter ended Dec 31, 2011 from RM4.15 million a year ago due to higher sales demand and favaourable sales mix for its packaging segment.
It said on Monday, its revenue was slightly higher at RM75.70 million compared with RM75.46 million. Its earnings per share were 8.08 sen compared with 5.50 sen. It proposed a dividend of 4.0 sen per share compared with 3.50 sen a year ago.
“Packaging segment revenue increased by 24.9% to RM73.57million in 4Q2011 (4Q10:RM58.92 million). The profit before tax in 4Q11 increased by 140.29% to RM6.51million (4Q10:RM2.71 million). The significant increase in profit before tax was mainly due to higher sales demand from existing customers and favourable sales mix in 2011,” it said.
A for the property segment, revenue fell 87.1% to RM2.14 million (4Q10: RM16.54 million) and pre-tax profit fell 72.3% to RM77,000 (4Q10: RM2.76 million). The reduction in the revenue and pre-tax profit for the property segment was in line with the lower percentage of completion recognised for the current reporting period as compared to a year ago.
For the financial year ended Dec 31, 2011, its earnings increased by 10.4% to RM20.07 million from RM18.18 million. Its revenue rose 6.1% to RM284.23 million from RM267.75 million.
It said on Monday, its revenue was slightly higher at RM75.70 million compared with RM75.46 million. Its earnings per share were 8.08 sen compared with 5.50 sen. It proposed a dividend of 4.0 sen per share compared with 3.50 sen a year ago.
“Packaging segment revenue increased by 24.9% to RM73.57million in 4Q2011 (4Q10:RM58.92 million). The profit before tax in 4Q11 increased by 140.29% to RM6.51million (4Q10:RM2.71 million). The significant increase in profit before tax was mainly due to higher sales demand from existing customers and favourable sales mix in 2011,” it said.
A for the property segment, revenue fell 87.1% to RM2.14 million (4Q10: RM16.54 million) and pre-tax profit fell 72.3% to RM77,000 (4Q10: RM2.76 million). The reduction in the revenue and pre-tax profit for the property segment was in line with the lower percentage of completion recognised for the current reporting period as compared to a year ago.
For the financial year ended Dec 31, 2011, its earnings increased by 10.4% to RM20.07 million from RM18.18 million. Its revenue rose 6.1% to RM284.23 million from RM267.75 million.
