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NewsDelloyd 4Q profit rises 36% to RM8m
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Delloyd 4Q profit rises 36% to RM8m
by hlk Wed 29 May 2013, 19:13
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com
Wednesday, 29 May 2013 18:57
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KUALA LUMPUR (May 29): DELLOYD VENTURES BHD []’s net profit
rose 36% to RM7.61 million in the fourth quarter ended March 31, 2013
(4QFY13) from RM5.6 million a year earlier.
The automotive-component manufacturer which also runs oil palm
PLANTATION []s told the exchange that revenue fell to RM84.32 million
from RM113.73 million.
Cumulative full-year net profit dropped to RM33.97 million from
RM39.36 million while revenue declined to RM423.54 million from
RM466.22 million.
During 4QFY13, Delloyd's net profit was lifted by foreign exchange
(forex) gain of RM1.01 million versus a forex loss of RM4.94 million a
year earlier, notes accompanying the company's financials show.
The firm said revenue had fallen on the exclusion of income from former
Indonesian subsidiary PT Delloyd.
On its plantation segment, Delloyd said it expects higher palm oil output
to place prices of the commodity "under pressure".
The company plans to pay a dividend of five sen a share in 4QFY13,
bringing full-year payout to 10 sen.
Written by Chong Jin Hun of theedgemalaysia.com
Wednesday, 29 May 2013 18:57
A + / A - / Reset
KUALA LUMPUR (May 29): DELLOYD VENTURES BHD []’s net profit
rose 36% to RM7.61 million in the fourth quarter ended March 31, 2013
(4QFY13) from RM5.6 million a year earlier.
The automotive-component manufacturer which also runs oil palm
PLANTATION []s told the exchange that revenue fell to RM84.32 million
from RM113.73 million.
Cumulative full-year net profit dropped to RM33.97 million from
RM39.36 million while revenue declined to RM423.54 million from
RM466.22 million.
During 4QFY13, Delloyd's net profit was lifted by foreign exchange
(forex) gain of RM1.01 million versus a forex loss of RM4.94 million a
year earlier, notes accompanying the company's financials show.
The firm said revenue had fallen on the exclusion of income from former
Indonesian subsidiary PT Delloyd.
On its plantation segment, Delloyd said it expects higher palm oil output
to place prices of the commodity "under pressure".
The company plans to pay a dividend of five sen a share in 4QFY13,
bringing full-year payout to 10 sen.
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