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NewsUpdate Hong Leong Ind 1Q profit rises 76%, pays 10 sen dividend
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Update Hong Leong Ind 1Q profit rises 76%, pays 10 sen dividend
by Cals Fri 22 Nov 2013, 22:51
| Update Hong Leong Ind 1Q profit rises 76%, pays 10 sen dividend |
| Business & Markets 2013 |
| Written by Zatil Husna of theedgemalaysia.com |
| Friday, 22 November 2013 19:12 |
In a statement to Bursa Malaysia today, HLI said 1QFY14 net profit rose to RM36.1 million from RM20.6 million. Revenue climbed to RM567.8 million from RM556.2 million previously.
HLI said the increase in profit was due to "favourable sales mix and lower production costs for consumer products."
According to HLI's website, its businesses include semiconductor production via listed unit Malaysian Pacific Industries Bhd. HLI also manufactures ceramic tiles under the "Guocera" brand.
HLI told Bursa Malaysia that the group has declared a tax-exempt interim dividend of 10 sen per share.
Moving forward, HLI expects performance at its consumer and industrial product segments to be satisfactory in FY14.
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