KUALA LUMPUR: DIALOG GROUP BHD [] net profit for the third quarter ended March 31, 2011 rose 20.4% to RM38.34 million from RM31.84 million a year earlier, due mainly to higher contribution from its engineering and CONSTRUCTION [], and plant maintenance activities in Malaysia and Singapore.
Revenue for the quarter rose to RM301.16 million from RM282.77 million. Earnings per share was 1.95 sen while net assets per share was 28.46 sen.
Dialog declared a interim single-tier cash dividend'' of 1.3 sen per share in respect of the financial year ending June 30, 2011.
For the nine months ended March 31, Dialog's net profit rose to RM107.43 million from RM87.4 million in 2010 on the back of revenue RM833.49 million.
Reviewing its performance, Dialog said the provision of specialist product and services for its international operation also recorded better performance in the third quarter.
In addition, the commencement of operation by Langsat Terminal (One) Sdn Bhd in Tanjung Langsat, Johor in September 2009 for its Phase 1 and in April 2010 for its Phase 2, had also contributed positively to the group's financial results, it said.
Commenting on its prospects, Dialog said it would continue to grow its core businesses with recurring income, such as, its specialist products and services, and plant maintenance services while at the same time focusing resources on the expansion of its logistics business.
The company said it had obtained approval from the Department of Environment for the Detailed EIA for the Pengerang Independent Deepwater Terminal project and expects to commence the construction work soon after receiving approvals from all the partners and other relevant authorities.
Dialog said that following the recent acquisition of Fitzroy Engineering Group Limited, one of New Zealand's largest heavy fabrication and multi-disciplined engineering company with about 400 employees, it was able to take on bigger fabrication jobs and grow this core business.
The company also said that it was together with its international partners were presently tendering for upstream oil and gas prospects in Malaysia.
'The group will continue to strengthen its presence in existing markets while penetrating new ones internationally.
'In line with the growing opportunities in the global oil and gas business, the group will continue to focus on developing and growing its human capital and talent pool to cater for rapid expansion,' it said.
Dialog said barring any unforeseen circumstances, it was optimistic that its performance would be favourable for the financial year ending June 30, 2011.
Revenue for the quarter rose to RM301.16 million from RM282.77 million. Earnings per share was 1.95 sen while net assets per share was 28.46 sen.
Dialog declared a interim single-tier cash dividend'' of 1.3 sen per share in respect of the financial year ending June 30, 2011.
For the nine months ended March 31, Dialog's net profit rose to RM107.43 million from RM87.4 million in 2010 on the back of revenue RM833.49 million.
Reviewing its performance, Dialog said the provision of specialist product and services for its international operation also recorded better performance in the third quarter.
In addition, the commencement of operation by Langsat Terminal (One) Sdn Bhd in Tanjung Langsat, Johor in September 2009 for its Phase 1 and in April 2010 for its Phase 2, had also contributed positively to the group's financial results, it said.
Commenting on its prospects, Dialog said it would continue to grow its core businesses with recurring income, such as, its specialist products and services, and plant maintenance services while at the same time focusing resources on the expansion of its logistics business.
The company said it had obtained approval from the Department of Environment for the Detailed EIA for the Pengerang Independent Deepwater Terminal project and expects to commence the construction work soon after receiving approvals from all the partners and other relevant authorities.
Dialog said that following the recent acquisition of Fitzroy Engineering Group Limited, one of New Zealand's largest heavy fabrication and multi-disciplined engineering company with about 400 employees, it was able to take on bigger fabrication jobs and grow this core business.
The company also said that it was together with its international partners were presently tendering for upstream oil and gas prospects in Malaysia.
'The group will continue to strengthen its presence in existing markets while penetrating new ones internationally.
'In line with the growing opportunities in the global oil and gas business, the group will continue to focus on developing and growing its human capital and talent pool to cater for rapid expansion,' it said.
Dialog said barring any unforeseen circumstances, it was optimistic that its performance would be favourable for the financial year ending June 30, 2011.
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