SIG Gases Berhad Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2016; Reports Impairment Charges for the Third Quarter Ended September 30, 2016
For the nine months, the company reported revenue of MYR 57,295,000 against MYR 55,793,000 a year ago. Profit before tax was MYR 6,874,000 compared to MYR 8,997,000 a year ago. Profit after tax and total comprehensive income for the period was MYR 5,354,000 or 2.86 sen per basic and diluted share compared to MYR 7,658,000 or 4.08 sen per diluted share a year ago. Total comprehensive income attributable to equity holders of the company was MYR 5,354,000 or 2.86 sen per diluted share compared to MYR 7,658,000 or 4.08 sen per basic and diluted share a year ago. Net cash from operating activities was MYR 11,938,000 compared to net cash used in operating activities of MYR 301,000 a year ago. Purchase of property, plant and equipment was MYR 6,249,000 compared to MYR 10,768,000 a year ago. This increase in revenue was contributed by higher liquid nitrogen sales for purging jobs together with refrigerants products to manufacturing sector during the period.
For the quarter, the company reported impairment of property, plant & equipment of MYR 90,000 compared to MYR 54,000 a year ago.