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NewsResults GKent 2Q net profit up 19% to RM6.1mil, issues 2 sen dividend
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Results GKent 2Q net profit up 19% to RM6.1mil, issues 2 sen dividend
by Cals Wed 17 Sep 2014, 23:50
| Results GKent 2Q net profit up 19% to RM6.1mil, issues 2 sen dividend |
| Business & Markets 2014 |
| Written by Jonathan Gan of theedgemalaysia.com |
| Wednesday, 17 September 2014 18:44 KUALA LUMPUR (Sept 17): George Kent (M) Bhd's net profit for the second financial quarter ended July 31, 2014, rose 19% to RM6.08 million, from RM5.11 million a year ago on lower operating expenses. Revenue for the quarter fell 10% to RM75 million, from RM82.95 million a year ago. Net profit for the first half of the year rose to RM12.57 million from RM10.65 million, while revenue fell to RM139.9 million from RM167.63 million a year ago. George Kent has announced a dividend of 2 sen per share for the interim period, same with last year’s. Commenting on its financial results, Chairman Tan Sri Datuk Tan Kay Hock said George Kent is continuing its efforts to improve efficiencies and reduce production and operation costs in all areas. “We have continued to invest and build our skills and technical competence, to ensure that we maintain our competitive edge. We will intensify our efforts to increase our current order book, which will contribute to our future earnings,” said Tan. George Kent shares remained unchanged at RM1.59 today, with 873,000 shares changed hands. The company is principally involved in distributing water metering products and construction projects. It has a market capitalisation of RM477.65 million. |
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