KUALA LUMPUR (March 28): GEORGE KENT (M) BHD []'s pre-tax profit for financial year ended Jan 31, 2012 fell to RM26.2 million from RM32.4 million in the same period of 2011.
Revenue declined to RM152.3 million from RM165 million previously, it said in a filing to Bursa Malaysia here on Wednesday.
George Kent said the weaker results were mainly due to lower exports of original equipment manufacturer (OEM) water meters, brought about by global economic uncertainty.
For the fourth quarter ended Jan 31, 2012, its pre-tax profit fell to RM9.1 million from RM11.1 million in the same period 2011. Revenue, however, increased to RM48.9 million from RM47.9 million previously.
For the quarter, the group has proposed a final dividend of three sen per share.
On prospects, chairman Tan Sri Tan Kay Hock said the company has put in more efforts to secure new contracts for its meter manufacturing division, which resulted in a strong order pipeline.
"The group is expecting improvements in all market segments of its meter manufacturing division, namely the domestic, OEM and non-OEM markets.
"We continue to enjoy steady growth in the local market, as well as increasing exports to Australia and South Africa," he said. - Bernama
Revenue declined to RM152.3 million from RM165 million previously, it said in a filing to Bursa Malaysia here on Wednesday.
George Kent said the weaker results were mainly due to lower exports of original equipment manufacturer (OEM) water meters, brought about by global economic uncertainty.
For the fourth quarter ended Jan 31, 2012, its pre-tax profit fell to RM9.1 million from RM11.1 million in the same period 2011. Revenue, however, increased to RM48.9 million from RM47.9 million previously.
For the quarter, the group has proposed a final dividend of three sen per share.
On prospects, chairman Tan Sri Tan Kay Hock said the company has put in more efforts to secure new contracts for its meter manufacturing division, which resulted in a strong order pipeline.
"The group is expecting improvements in all market segments of its meter manufacturing division, namely the domestic, OEM and non-OEM markets.
"We continue to enjoy steady growth in the local market, as well as increasing exports to Australia and South Africa," he said. - Bernama
