DSIG Gases Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of MYR 19.779 million against MYR 18.535 million a year ago. Profit before tax was MYR 0.671 million against MYR 1.803 million a year ago. Profit after tax and total comprehensive income for the period was MYR 0.729 million against MYR 0.932 million a year ago. Earning per basic and diluted share was 0.39 sen against 0.50 sen a year ago. Revenue for the current quarter registered an increase of 6.69%. This was partly attributed to sale of liquid nitrous oxide in the quarter with the commissioning of the new plant.

For the year, the company reported revenue of MYR 76.018 million against MYR 75.830 million a year ago. Profit before tax was MYR 0.651 million against MYR 8.677 million a year ago. Profit after tax and total comprehensive income for the period was MYR 4.233 million against MYR 6.286 million a year ago. Earning per basic and diluted share was 2.26 sen against 3.35 sen a year ago. Net cash generated from operating activities was MYR 12.126 million against MYR 6.846 million a year ago. Purchase of property, plant and equipment was MYR 13.559 million against MYR 5.589 million a year ago. Purchase of intangible assets was MYR 0.006 million. The revenue was largely affected by the shortage of Argon supplies which reduced ability to increase sales to engineering and construction sector. With the commissioning of Nitrous Oxide plant in October, sale of liquid nitrous oxide has helped to maintain the revenue during the year.

The company announced that despite the uncertainty posed by the macroeconomic environment set out above, the company believe that with the gradual increase in revenue from completed expansion projects and continuous investment to widen revenue base, the company remain cautiously optimistic about the performance for year 2018.