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NewsPMB Technology 3Q net profit down 17%
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PMB Technology 3Q net profit down 17%
by Cals Thu 30 Oct 2014, 23:44
PMB Technology 3Q net profit down 17%
KUALA LUMPUR (Oct 30): PMB Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)'s net profit for the third financial quarter ended Sept 30, 2014 (3QFY14) fell 17.11% to RM1.89 million from RM2.28 million a year ago due to lower contribution from its manufacturing and trading segment.
Revenue in the three months through Sept 30, however, advanced 20.34% to RM92.28 from RM76.68 million a year ago. Earnings per share (EPS) dropped marginally to 2.44 sen compared with 2.94 sen in 3QFY13.
Nevertheless, the group declared a second interim dividend of one sen per share for the financial year ending Dec 31, 2014 (FY14), payable on Jan 7, 2015.
For the nine months period (9MFY14), PMB Technology's net profit declined 4.61% to RM5.17 million from RM5.42 million a year ago. However, revenue rose 14.97% to RM236.94 million from RM206.08 million.
Going forward, the group said in line with its current operation activities, the operating results for the remaining of the year are expected to be satisfactory.
PMB shares closed 15 sen or 12.6% higher at RM1.34 today, with 665, 200 shares traded, giving it a market capitalisation of RM103.82 million.
KUALA LUMPUR (Oct 30): PMB Technology Bhd ([You must be registered and logged in to see this image.] Financial Dashboard)'s net profit for the third financial quarter ended Sept 30, 2014 (3QFY14) fell 17.11% to RM1.89 million from RM2.28 million a year ago due to lower contribution from its manufacturing and trading segment.
Revenue in the three months through Sept 30, however, advanced 20.34% to RM92.28 from RM76.68 million a year ago. Earnings per share (EPS) dropped marginally to 2.44 sen compared with 2.94 sen in 3QFY13.
Nevertheless, the group declared a second interim dividend of one sen per share for the financial year ending Dec 31, 2014 (FY14), payable on Jan 7, 2015.
For the nine months period (9MFY14), PMB Technology's net profit declined 4.61% to RM5.17 million from RM5.42 million a year ago. However, revenue rose 14.97% to RM236.94 million from RM206.08 million.
Going forward, the group said in line with its current operation activities, the operating results for the remaining of the year are expected to be satisfactory.
PMB shares closed 15 sen or 12.6% higher at RM1.34 today, with 665, 200 shares traded, giving it a market capitalisation of RM103.82 million.
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