DIALOG GROUP BHD []'s net profit for the fourth quarter (4Q) ended June 30, 2010 declined to RM28.71 million from RM30.24 million a year ago, due to the completion of some engineering and CONSTRUCTION [] works during the quarter.
The company said on Thursday, Aug 19, that its revenue for the quarter fell 24% to RM271.95 million from RM357.07 million a year ago.
Earnings per share was 1.45 sen.
The company proposed a final gross dividend of 1.8 sen per share.
For the full year, Dialog’s net profit rose more than 20% to RM116.11 million from RM91.94 million a year ago, while its revenue increased to RM1.14 billion from RM1.1 billion last year.
The company attributed its full-year results to the contribution by the plant maintenance division, which saw significant work performed and completed during the financial year both in Malaysia and Singapore.
The commencement of operation by Langsat Terminal (One) Sdn Bhd in Tanjung Langsat, Johor in September 2009 for its Phase 1 and in April 2010 for its Phase 2, had also contributed positively to the Group’s financial results in the current financial year, said Dialog.
On its prospects, Dialog said that being an integrated specialist technical services provider to the oil, gas and petrochemical industry, it would continue to focus on and grow its core businesses.
“In addition, the group will continue to strengthen and widen its presence in existing markets and penetrate new ones in Africa, North and South America.
“At the same time, the Group will continue to invest in businesses with long term sustainable income. Barring any unforeseen circumstances, the group is optimistic that its performance will be favourable for the financial year ending June 30, 2011,” it said.
Written by Surin Murugiah
The Edge Malaysia
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