Ancom Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended November 30, 2017
January 25, 2018
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Ancom Berhad reported unaudited consolidated earnings results for the second quarter and six months ended November 30, 2017. For the quarter, the company reported revenue of MYR 497,731,000 against MYR 403,753,000 a year ago. Profit before taxation was MYR 12,820,000 against MYR 14,949,000 a year ago. Net profit for the financial period was MYR 5,783,000 against MYR 5,829,000 a year ago. Net profit attributable to equity holders of the company was MYR 1,424,000 against MYR 871,000 a year ago. Basic and diluted earnings per ordinary share were 0.66 sen against 0.40 sen a year ago.
For the six months, the company reported revenue of MYR 917,266,000 against MYR 759,902,000 a year ago. Profit before taxation was MYR 19,836,000 against MYR 19,152,000 a year ago. Net profit for the financial period was MYR 8,337,000 against MYR 6,084,000 a year ago. Net profit attributable to equity holders of the company was MYR 2,533,000 against MYR 1,563,000 a year ago. Basic and diluted earnings per ordinary share were 1.18 sen against 0.72 sen a year ago. Net assets per share attributable to ordinary equity holders of the company were MYR 1.40. Net cash from operating activities was MYR 6,628,000 against MYR 32,960,000 a year ago. Purchase of property, plant and equipment was MYR 5,691,000 against MYR 32,583,000 a year ago. Purchase of intangible assets was MYR 86,000 against MYR 342,000 a year ago.
Ancom Nylex Berhad is a Malaysia-based company engaged in manufacturing of agricultural chemicals and herbicides in Malaysia. It operates through five segments: Investment holdings and others, Agricultural Chemicals, Industrial Chemicals, Logistics and Polymer. Investment holdings and others segment is engaged in the investment holding activities. Agricultural chemicals segment is engaged in the manufacturing, trading, and sale of agricultural chemical products. Industrial Chemicals segment is engaged in the manufacturing, trading, and sale of industrial chemical products. Logistics segment is engaged in the ship-owning, ship-operating, land transportation, container haulage, bulk cargo handling, chemicals warehousing and related services. Polymer segment is engaged in the manufacturing and marketing of polymer products. Its business activities include Agricultural and industrial chemicals, Public health and hygiene, Animal health, Polymer, Logistics, Information technology and Media.