SWS Capital Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended August 31, 2017; Reports Property, Plant and Equipment Written Off for the Fourth Quarter of 2017
For the full year, the company reported revenue was MYR 144,864,466 against MYR 149,098,472 a year ago. Operating profit was MYR 12,511,964 against MYR 7,047,494 a year ago. Profit before tax was MYR 11,461,619 against MYR 5,921,802 a year ago. Profit attributable to owners of the parent was MYR 8,555,060 against MYR 4,408,342 a year ago. Basic and diluted earnings per share were 5.86 sen against 3.02 sen a year ago. Net cash flows from operating activities were MYR 2,383,030 against MYR 4,144,031 a year ago. Purchase of property, plant and equipment was MYR 4,893,142 against MYR 3,616,520 a year ago. The group's revenue decreased by 3% as compared to the revenue in the previous year. The revenue of the leather upholstery sofa division has dropped from MYR 100 million to MYR 83.8 million (10 months' result). However, the newly-acquired plastic wares division has contributed MYR 11.7 million (2 months' result) revenue for year 2017.
For the fourth quarter of 2017, the company reported property, plant and equipment written off of MYR 1,175.