SKP Resources Bhd Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
November 20, 2014 at 11:33 pm
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SKP Resources Bhd announced consolidated unaudited earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported revenue of MYR 140,250,000 against MYR 106,154,000 a year ago. Operating profit was MYR 13,808,000 against MYR 9,384,000 a year ago. Profit before tax was MYR 14,077,000 against MYR 9,570,000 a year ago. Profit for the period was MYR 10,530,000 against MYR 7,284,000 a year ago. Earnings per share attributable to owners of the parent were MYR 1.17 against MYR 0.81 a year ago.
For the six months, the company reported revenue of MYR 271,986,000 against MYR 214,449,000 a year ago. Operating profit was MYR 26,169,000 against MYR 20,919,000 a year ago. Profit before tax was MYR 26,880,000 against MYR 21,733,000 a year ago. Profit for the period was MYR 20,178,000 against MYR 16,419,000 a year ago. Earnings per share attributable to owners of the parent were MYR 2.24 against MYR 1.82 a year ago. Net cash flows from operating activities were MYR 11,727,000 against MYR 2,868,000 a year ago. Purchase of property, plant and equipment was MYR 16,355,000 against MYR 829,000 a year ago.
The Board of Directors expects the group to remain profitable fuels by strong order books from existing customers which will contribute positively to the group's performance for the financial year ending 31 March 2015. The Board is optimistic that with the strong existing business base coupled with the expansion plan which was announced on 14 May 2014, 2 April 2014 and 28 March 2014 that the company will be incurring approximately MYR 34 million capital expenditures to increase its production capacity, the group would be moving towards another promising year for the financial year ending 31 March 2015.
SKP Resources Berhad is a Malaysia-based investment holding company, which is engaged in the provision of management services to the subsidiaries. The Company operates through the sale of goods segment. The Company principally operates in Malaysia and sells its goods in Malaysia. The Companyâs services include design and engineering, tool and dye fabrication, injection molding and cosmetic finishing, contract manufacturing and component assembly, manufacturing services, and logistics and fulfillment. The Company is also involved in property holding and letting activities, the manufacture, fabrication, and sale of moulds, and the manufacture and sale of electronic integrated circuits micro assemblies, consumer electronics, and printed circuit boards. The Companyâs subsidiaries include Syarikat Sin Kwang Plastic Industries Sdn. Bhd., Goodhart Land Sdn. Bhd., S.P.I. Plastic Industries (M) Sdn. Bhd., Plastictecnic (M) Sdn. Bhd., Bangi Plastics Sdn. Bhd., and Goodhart World Sdn. Bhd.
SKP Resources Bhd Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015