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Pantech 1Q profit up 10% on stronger manufacturing sales
by Cals Wed 24 Jul 2013, 19:59
Pantech 1Q profit up 10% on stronger manufacturing sales
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Wednesday, 24 July 2013 18:59
KUALA LUMPUR (July 24): Steel pipe manufacturer PANTECH GROUP HOLDINGS BHD [] announced that net profit for the first quarter ended May 31, 2013 (1QFY14) rose 10.4% year-on-year to RM13.8 million.
In a filing to Bursa Malaysia, Pantech said this came on higher sales from the manufacturing division.
“The stronger quarterly performance is mainly due to the higher products demand from the local and export market by the manufacturing division,” Pantech said
During the quarter, Pantech's revenue expanded 11.7% to RM162.3 million.
The company said it is giving out its first interim single-tier dividend of 1.2 sen per share in 1QFY14.
Looking forward, it said it expects overall performance for the current financial year to remain satisfactory amid positive long-term outlook of the oil and gas industry.
Business & Markets 2013
Written by Jason Tan of theedgemalaysia.com
Wednesday, 24 July 2013 18:59
KUALA LUMPUR (July 24): Steel pipe manufacturer PANTECH GROUP HOLDINGS BHD [] announced that net profit for the first quarter ended May 31, 2013 (1QFY14) rose 10.4% year-on-year to RM13.8 million.
In a filing to Bursa Malaysia, Pantech said this came on higher sales from the manufacturing division.
“The stronger quarterly performance is mainly due to the higher products demand from the local and export market by the manufacturing division,” Pantech said
During the quarter, Pantech's revenue expanded 11.7% to RM162.3 million.
The company said it is giving out its first interim single-tier dividend of 1.2 sen per share in 1QFY14.
Looking forward, it said it expects overall performance for the current financial year to remain satisfactory amid positive long-term outlook of the oil and gas industry.
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