KUALA LUMPUR: EP MANUFACTURING BHD [] (EPMB) net profit for the second quarter ended June 30, 2011 surged 98% to RM11.27 million from RM5.7 million a year earlier, due mainly to certain non-recurring charges in the preceding year's corresponding quarter.'
It said on Friday, Aug 19 that revenue for the quarter dipped to RM140.55 millon from RM157.31 million.
Earnings per share was 7 sen while net assets per share was RM1.64.
EPMB ''declared a first tax exempt interim dividend of one sen per share.
For the six months ended June 30, EPMB's net profit jumped to RM19.86 million from RM9.82 million in 2010, on the back of revenue RM266 million.
In a statement Aug 19, its executive chairman Hamidon Abdullah said
Executive Chairman, En. Hamidon Abdullah said the company expects the local automotive market to pick up in the second half of the year due to the festivities.
'As one of the largest supplier to the current top two selling models, Proton Saga FL and new Perodua Myvi, we expect a better second half of the year,' he said.
It said on Friday, Aug 19 that revenue for the quarter dipped to RM140.55 millon from RM157.31 million.
Earnings per share was 7 sen while net assets per share was RM1.64.
EPMB ''declared a first tax exempt interim dividend of one sen per share.
For the six months ended June 30, EPMB's net profit jumped to RM19.86 million from RM9.82 million in 2010, on the back of revenue RM266 million.
In a statement Aug 19, its executive chairman Hamidon Abdullah said
Executive Chairman, En. Hamidon Abdullah said the company expects the local automotive market to pick up in the second half of the year due to the festivities.
'As one of the largest supplier to the current top two selling models, Proton Saga FL and new Perodua Myvi, we expect a better second half of the year,' he said.
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