Friday, August 12, 2011

Dialog Group 4Q net profit up 45% to RM44.87m

KUALA LUMPUR: DIALOG GROUP BHD []'s earnings rose 45.2% to RM44.87 million in the fourth quarter ended June 30 from RM30.89 million a year ago, boosted by its engineering and CONSTRUCTION [] and also plant maintenance services.

It said on Friday, Aug 12 revenue increased by 37.8% to RM374.88 million from RM271.95 million. Earnings per share were 2.28 sen compared with 1.56 sen. It proposed a final single tier dividend of 18% or 1.8 sen per 10 sen share.

For the FY ended June 30, its earnings rose 24.2% to RM152.29 million from RM118.29 million while revenue increased by 6% to RM1.208 billion from RM1.139 billion.

Its cash pile increased to RM274.32 million as at June 30 from RM258.07 million a year ago.

'The results of all divisions for current financial year outperformed the previous year, in particular the engineering and construction and plant maintenance services, both in Malaysia and overseas,' it said.

Dialog added the commencement of operation by Langsat Terminal (One) Sdn Bhd in Tanjung Langsat, Johor in September 2009 for its phase one, and in April 2010 for its phase two, together with the acquisition of Fitzroy Engineering Group Ltd in April 2011 had contributed positively to the group's financial results in the current financial year.

When compared with the preceding quarter, the group's revenue for the fourth quarter of RM374.9 million and profit before tax of RM60.5 million increased by 24% and 17% respectively.

Dialog said the better result was mainly due to higher profit contribution from engineering and construction activities in Malaysia.

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