Monday, 30 April 2012

Spritzer 3Q net profit jumps 69.4% to RM3.66m

KUALA LUMPUR (April 30): SPRITZER BHD [] net profit for the third quarter ended Feb 29, 2012 jumped 69.4% to RM3.66 million from RM2.16 million a year earlier, due mainly to higher sales of more profitable carbonated and flavoured drinks and natural mineral water products.

The company said on Monday that its revenue for the quarter rose 33% to RM45.22 million from RM34.09 million in 2011 on higher sales volume.

Earnings per share increased to 2.18 sen from 1.65 sen, while net assets per share was RM1.13.

For the nine months ended Sept 29, Spritzer posted net profit RM8.57 million compared to RM7.84 million a year earlier, on the back of revenue RM131.53 million from RM104.73 million in 2011.

On its prospects, the company said that whilst the domestic economic outlook had remained positive, the global economic outlook was highly uncertain mainly due to the ongoing European sovereign debt crisis.

It said the persistent high raw material prices also posed a greater challenge to the group.

The company said it would continue to focus on achieving greater economies of scale and improving its productivity and operational efficiency so as to remain competitive.

“In line with our expansion plan and higher installed capacity, the Group will seek to further broaden its product range, including the recent introduction of the larger-pack-size bottled water suitable for the use of water dispensers, to cater to the needs of the various market segments.

“With the resilient domestic market and our continuous efforts to improve our export sales, we remain confident that the volumes and earnings of our various bottled water products will be further strengthened,” it said.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...