Panasonic Manufacturing Malaysia Berhad Announces Unaudited Combined Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Full Year of Fiscal 2012
February 21, 2012
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Panasonic Manufacturing Malaysia Berhad announced unaudited combined earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported profit after taxation attributable to equity holders of the company of MYR 19,806,000 or 33 sen per basic and diluted share, profit before tax of MYR 25,975,000 and profit from operations of MYR 26,861,000 on revenue of MYR 223,418,000 compared to profit after taxation attributable to equity holders of the company of MYR 26,712,000 or 44 sen per basic and diluted share, profit before tax of MYR 33,165,000 and profit from operations of MYR 30,740,000 on revenue of MYR 203,296,000 for the same period a year ago. The share of loss was mainly attributed to a derivative loss amounting to MYR 1.8 million in this quarter as compared to a derivative gain amounting to MYR 1.2 million in the previous corresponding quarter.
For the nine months, the company reported profit after taxation attributable to equity holders of the company of MYR 58,942,000 or 97 sen per basic and diluted share, profit before tax of MYR 74,034,000 and profit from operations of MYR 67,926,000 on revenue of MYR 668,082,000 compared to profit after taxation attributable to equity holders of the company of MYR 68,001,000 or 112 sen per basic and diluted share, profit before tax of MYR 85,962,000 and profit from operations of MYR 79,694,000 on revenue of MYR 610,998,000 for the same period a year ago. Net cash flow from operating activities was MYR 30,763,000 compared to MYR 42,283,000 for the same period a year ago. Amount spent on purchase of property, plant and equipment was MYR 28,684,000 compared to MYR 16,053,000 for the same period a year ago.
The company also provided earnings guidance for the full year of fiscal 2012. The company reported the outlook for the remaining financial year continues to be challenging due to the uncertainties in the economic environment. It will remain profitable for fiscal 2012.
Panasonic Manufacturing Malaysia Berhad is a Malaysia-based company that is engaged in the manufacture and sale of electrical home appliances and related components. The Company's segments include Home appliance products and Fan products. The Company offers electric fans, ceiling fans, ventilating fans, dish dryers and home shower. The Company offers home appliances, such as vacuum cleaners, irons, bidets and kitchen appliances. The Company operates two factories, which are located at Section 15 (SA1 Plant) and Section 23 (SA2 Plant), Shah Alam, Selangor. The Company sells its consumer electronic products, system solution products, life solutions products and energy products under the brand name Panasonic. The Company has operations in Malaysia, Japan, Asia (excluding Malaysia and Japan), Europe, Middle East and Others. The Company's subsidiaries include KDK Fans (M) Sdn. Bhd., Panasonic Financial Centre (Malaysia) Sdn. Bhd., Panasonic Asia Pacific Pte. Ltd. and others.
Panasonic Manufacturing Malaysia Berhad Announces Unaudited Combined Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011; Provides Earnings Guidance for the Full Year of Fiscal 2012