Thursday, February 25, 2016

Luxchem - Net profit more than Doubled. Uptrend Stock

Luxchem Corp Bhd's net profit more than doubled to RM14.82 million or 5.64 sen per share in the fourth quarter ended Dec 31, 2015 (4QFY15), compared to RM6.29 million or 2.42 sen per share a year earlier.
The better earnings were underpinned by higher contribution from the trading and manufacturing segment and the reversal of RM4.29 million in employee benefit expense during the quarter, it told Bursa Malaysia today.
Revenue for the quarter was also higher at RM183.27 million, up 24.57% from RM147.12 million in 4QFY14. Luxchem is proposing a single tier final dividend of 4.5 sen per share for the financial year ended Dec 31, 2015, subject to the shareholders' approval at the forthcoming annual general meeting.
Construction piling specialist Pintaras Jaya Bhd's net profit slumped 83.3% to RM2.53 million in the second quarter ended Dec 31, 2015 (2QFY16), from RM15.17 million a year ago due to the low rate of project replenishment and cost overruns in the construction business.
The company told Bursa Malaysia today its revenue slid 57.9% to RM31.22 million from RM74.11 million in 2QFY15.
"The decline was attributable mainly to the lower contribution from both the construction and manufacturing divisions coupled with a lower investment income," it said.

Financial Summary on Poems 2.0 Stock analytics

BRIEF: For the nine months ended 30 September 2015, Luxchem Corporation Bhd revenues increased 10% to RM502.7M. Net income applicable to common stockholders increased 55% to RM24.4M. Revenues reflect Trading segment increase of 9% to RM419M, Manufacturing segment increase of 12% to RM128.7M. Net income benefited from Other Operating Income increase from RM3.7M to RM9.3M (income), Other operating expenses decrease of 94% to RM45K (expense).

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