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NewsLuxchem 4Q profit soars 154% yoy to RM10m, declares 5 sen dividend
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Luxchem 4Q profit soars 154% yoy to RM10m, declares 5 sen dividend
by hlk Wed 19 Feb 2014, 20:41
Business & Markets 2014
Written by Jeffrey Tan of theedgemalaysia.com
Wednesday, 19 February 2014 18:37
A + A - Reset
KUALA LUMPUR (Feb 19): Luxchem Corporation Bhd’s net profit soared 154%
year-on-year (y-o-y) to RM10 million in the fourth quarter ended Dec 31, 2013,
from RM4 million, on higher contribution from its manufacturing segment.
Revenue also rose 6% y-o-y to RM129 million from RM122 million.
In a filing to the stock exchange, the industrial chemical supplier attributed the
larger revenue to higher sales from its trading and manufacturing segments.
Luxchem said it proposed a single tier final dividend of 5 sen per ordinary share
for the financial year ended Dec 31, 2013.
For the full-year period, net profit earned RM20 million versus RM16 million in
the previous year, while revenue generated RM525 million from RM497 million
a year earlier.
Written by Jeffrey Tan of theedgemalaysia.com
Wednesday, 19 February 2014 18:37
A + A - Reset
KUALA LUMPUR (Feb 19): Luxchem Corporation Bhd’s net profit soared 154%
year-on-year (y-o-y) to RM10 million in the fourth quarter ended Dec 31, 2013,
from RM4 million, on higher contribution from its manufacturing segment.
Revenue also rose 6% y-o-y to RM129 million from RM122 million.
In a filing to the stock exchange, the industrial chemical supplier attributed the
larger revenue to higher sales from its trading and manufacturing segments.
Luxchem said it proposed a single tier final dividend of 5 sen per ordinary share
for the financial year ended Dec 31, 2013.
For the full-year period, net profit earned RM20 million versus RM16 million in
the previous year, while revenue generated RM525 million from RM497 million
a year earlier.
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