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Ajinomoto 4Q profit falls 24%, declares 20 sen dividend

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Ajinomoto 4Q profit falls 24%, declares 20 sen dividend Empty Ajinomoto 4Q profit falls 24%, declares 20 sen dividend

Post by hlk Wed 29 May 2013, 08:57

Business & Markets 2013
Written by Kamarul Anwar of theedgemalaysia.com
Tuesday, 28 May 2013 19:54
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KUALA LUMPUR (May 28): Ajinomoto (Malaysia) Bhd incurred higher
income tax expenses in its final quarter compared to a year earlier,
which effectively pushed down its net profit by 24.2%.
In a statement to the exchange, the food and seasoning manufacturer
reported that its net profit for the quarter ended March 31, 2013
(4QFY13) came to RM4.44 million on revenue of RM84.67 million.
A year earlier (4QFY12), Ajinomoto’s net profit was RM5.85 million on
lower revenue of RM82.88 million.
The company’s full-year net profit (FY13) was also lower from the
previous year despite registering higher sales as its operating profit
margin was compressed.
Ajinomoto’s FY13 net profit stood at RM19.4 million or 31.92 sen per
share on revenue of RM332.91 million. In the previous year, the
company raked in net profit of RM25.6 million or 42.11 sen per share on
lower revenue of RM324.65 million.
The company declared a first and final dividend of 11 sen per share less
income tax at 25% and 9 sen tax-exempt per share for FY13.
Ajinomoto shares remained at RM4.40 on closing with 44,500 shares
changed hands. Its net asset per share stood at RM4.02.
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