SKP Resources Bhd Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
For the six months, the company reported revenue of MYR 271,986,000 against MYR 214,449,000 a year ago. Operating profit was MYR 26,169,000 against MYR 20,919,000 a year ago. Profit before tax was MYR 26,880,000 against MYR 21,733,000 a year ago. Profit for the period was MYR 20,178,000 against MYR 16,419,000 a year ago. Earnings per share attributable to owners of the parent were MYR 2.24 against MYR 1.82 a year ago. Net cash flows from operating activities were MYR 11,727,000 against MYR 2,868,000 a year ago. Purchase of property, plant and equipment was MYR 16,355,000 against MYR 829,000 a year ago.
The Board of Directors expects the group to remain profitable fuels by strong order books from existing customers which will contribute positively to the group's performance for the financial year ending 31 March 2015. The Board is optimistic that with the strong existing business base coupled with the expansion plan which was announced on 14 May 2014, 2 April 2014 and 28 March 2014 that the company will be incurring approximately MYR 34 million capital expenditures to increase its production capacity, the group would be moving towards another promising year for the financial year ending 31 March 2015.