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NewsP.I.E. 2Q profit rises 15%, pays 32 sen dividend
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P.I.E. 2Q profit rises 15%, pays 32 sen dividend
by Cals Fri 16 Aug 2013, 19:15
P.I.E. 2Q profit rises 15%, pays 32 sen dividend
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 16 August 2013 18:43
KUALA LUMPUR (August 16): P.I.E. INDUSTRIAL BHD []'s net profit rose 15.4% year-on-year (y-o-y) in the second quarter ended June 30, 2013 (2QFY13) on higher revenue, and foreign exchange gains.
In a statement to Bursa Malaysia, P.I.E, a manufacturer and assembler of cable and wire, said net profit rose to RM9.55 million from RM8.28 million. Revenue climbed to RM108.33 million from RM91.39 million.
P.I.E. said revenue had grown on "higher revenue from manufacturing activities but partly offset by lower revenue from trading activities".
Cumulative net profit for 1HFY13 rose to RM15.09 million from RM14.17 million a year earlier. Revenue increased to RM189.92 million from RM171.41 million.
For 2QFY13, the firm plans to reward shareholders with a dividend of 32 sen a share.
Looking ahead, P.I.E. said it is "positive" on its second-half performance.
This is in anticipation that the company wil get more outsourcing jobs from current and new customers.
Business & Markets 2013
Written by Jeffrey Tan of theedgemalaysia.com
Friday, 16 August 2013 18:43
KUALA LUMPUR (August 16): P.I.E. INDUSTRIAL BHD []'s net profit rose 15.4% year-on-year (y-o-y) in the second quarter ended June 30, 2013 (2QFY13) on higher revenue, and foreign exchange gains.
In a statement to Bursa Malaysia, P.I.E, a manufacturer and assembler of cable and wire, said net profit rose to RM9.55 million from RM8.28 million. Revenue climbed to RM108.33 million from RM91.39 million.
P.I.E. said revenue had grown on "higher revenue from manufacturing activities but partly offset by lower revenue from trading activities".
Cumulative net profit for 1HFY13 rose to RM15.09 million from RM14.17 million a year earlier. Revenue increased to RM189.92 million from RM171.41 million.
For 2QFY13, the firm plans to reward shareholders with a dividend of 32 sen a share.
Looking ahead, P.I.E. said it is "positive" on its second-half performance.
This is in anticipation that the company wil get more outsourcing jobs from current and new customers.
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