SIG Gases Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Write Off of Property, Plant and Equipment for the Third Quarter Ended September 30, 2018
For the nine months, the company reported revenue of MYR 59,057,000 against MYR 56,239,000 for the same period a year ago. The higher revenue was mainly due to increase in liquid nitrous oxide sales by MYR 0.48 million and refrigerant products by MYR 1.88 million. Profit before tax was MYR 3,431,000 against MYR 3,981,000 for the same period a year ago. Profit before tax was lower by MYR 0.55 million as compared with the corresponding period in year 2017 mainly due to higher selling and administrative expenses by MYR 0.92 million together with higher depreciation charge and payroll cost. Profit after tax and total comprehensive income was MYR 3,345,000 against MYR 3,505,000 for the same period a year ago. Earnings per basic and diluted share were 1.78 sen against 1.87 sen for the same period a year ago.
For the third quarter ended September 30, 2018, the company reported write off of property, plant and equipment of MYR 13,000 against MYR 8,000 for the same period a year ago.