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Financial Summary
Highlights for 2010 Financial Year
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The Group's revenue for the year of RM650 million was 19% higher as compared with the RM544 million reported in the previous year. This was mainly attributed to revenue recognised for accumulation of work performed on naval vessels.
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Profit after taxation recorded an increase of RM3.0 million, from RM77 million in 2009 to RM80 million. Although associates contributed positively to the bottom-line, earnings derived from the maintenance work were eroded by cost escalations incurred by certain shipbuilding projects, including foreign exchange losses due to a weak US dollar.
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Shareholders' funds stood at RM430 million as at 31 December 2010 as compared with RM375 million in 2009, an increase of 15%.
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The Directors have declared a single tier first interim dividend of 6.5% per share in respect of the financial year ending 31 December 2011 amounting to RM16.15 million.
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| Revenue |
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| Profit Before Tax |
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| Net Profit After Tax |
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| Shareholders' Funds |
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| Net Assets per Share (RM) |
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| Earnings per Share (sen) |
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| Dividend per Share (sen) |
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2008
RM'000 |
| 496,259 |
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134,681 |
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| 116,978 |
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| 312,529 |
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1.26 |
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| 46.33 |
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| 1.5 |
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2009
RM'000 |
| 543,851 |
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94,876 |
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| 76,655 |
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| 375,231 |
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| 1.51 |
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| 30.70 |
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| 5.5 |
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2010
RM'000 |
| 649,797 |
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95,054 |
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| 79,655 |
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| 430,304 |
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1.73 |
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| 28.10 |
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| 6.0 |
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Key Updates
- 8 March 2011
Ex-dividend date
- 24 March 2011
Payment of 6.5 sen first interim dividend in respect of the financial year ending 31 December 2011
- 6 April 2011
Annual General Meeting
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