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Categories
| LB Aluminium 1Q net up 33.8% |
| Business & Market 2009 | |||
| Written by Financial Daily | |||
| Wednesday, 30 September 2009 12:20 | |||
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Revenue fell 26.1% year-on-year to RM78.6 million despite a slight increase in sales volume due to lower selling prices. Pre-tax profit grew 27% to RM6.2 million. Earnings per share rose to 2.15 sen from 1.61 sen. No interim dividend was declared. LB Aluminium attributed the domestic sales volume increase to the effectiveness of the government’s stimulus packages. “We will continue to monitor the economic situation carefully for any signs of deterioration although we are optimistic that the Malaysian economy is on the road to recovery. “In addition, we have seen a slight recovery in export sales leading us to infer that our export markets are also getting better,” LB Aluminium said, adding that it expected the group to remain profitable for its second quarter. This article appeared in The Edge Financial Daily, September 30, 2009.
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