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CB Industrial posts higher pre-tax profit of RM127.8 mln for FY2013

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CB Industrial posts higher pre-tax profit of RM127.8 mln for FY2013 Empty CB Industrial posts higher pre-tax profit of RM127.8 mln for FY2013

Post by Cals Tue 25 Feb 2014, 21:25

CB Industrial posts higher pre-tax profit of RM127.8 mln for FY2013
Business & Markets 2014
Written by Bernama   
Tuesday, 25 February 2014 19:30

KUALA LUMPUR (Feb 25): CB Industrial Product Holding Bhd posted a higher pre-tax profit of RM127.8 million, for the financial year ended Dec 31, 2013, from RM102.248 million in the 2012 financial year.

Revenue also rose to RM579.881 million, from RM521.728 million.

For the fourth quarter, the company posted a pre-tax profit of RM55.011 million, up from the RM23.076 million in the same period in 2012, while revenue improved to RM150.020 million, from RM148.133 million.

In a filing to Bursa Malaysia today, the company attributed the overall increase in revenue and pre-tax profit, to the improvement in the palm oil equipment and special purpose vehicles segments.

"In view of the progress in the implementation of the projects secured in hand, we expect to achieve satisfactory results by the palm oil equipment and special purpose vehicles segments, for the financial year ending Dec 31, 2014," the company added.
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