Wednesday, November 16, 2011

NZ ops boost Dialog Group's financial performance

KUALA LUMPUR (Nov 16): DIALOG GROUP BHD []'s posted net profit of RM44.54 million in the first quarter ended Sept 30, 2011, an increase of 34.6% from the RM33.09 million a year, underpinned by a strong increase in revenue, mainly from its New Zealand operations.

It said on Wednesday that revenue rose 35% to RM355.24 million from RM263.81 million while earnings per share were 2.26 sen compared with 1.69 sen.

'The consolidation of the revenue from the newly acquired fabrication and multi-disciplined engineering company, Fitzory Engineering Group Ltd, based in New Zealnd was the main contributor to this significant increase,' it said.

Dialog also said contribution from the Asian operations increased significantly in the current quarter mainly due to higher revenue of specialist products and services in Brunei, Oman, India, China and Indonesia.

As for the Malaysian operations, it said revenue increased by 5% due to higher sales of specialist products and services. Revenue recorded by its Singapore operations fell 35% due to lower plant maintenance undertaken.

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