Tuesday, 14 February 2012

Dialog Group 2Q earnings up 15.1% to RM41.45m with new biz, Asian ops

KUALA LUMPUR (Feb 14): DIALOG GROUP BHD []’s earnings rose 15.1% to 41.45 million in the second quarter ended Dec 31, 2011 from RM35.99 million a year ago, boosted by higher revenue from the consolidation of its new businesses and operations.

It said on Tuesday its revenue increased at a stronger pace of 33.5% to RM358.62 million from RM268.53 million. Its earnings per share were 2.10 sen compared with 1.84 sen.

“The consolidation of the revenue of the newly acquired fabrication and multi-disciplined engineering company, Fitzroy Engineering Group Ltd, based in New Zealand was the main contributor to this significant increase (in revenue),” it said.

Dialog added that contribution from Malaysia and Asian operations such as Brunei, Thailand, Oman and China, also increased significantly mainly due to higher revenue of specialist products and services recorded.

In the first half ended Dec 31, 2011, its earnings grew 24.4% to RM85.99 million from RM69.09 million while its revenue increased 34% to RM713.85 million from RM532.33 million.

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