KNM (7164) - KNM’s FY14 earnings doubles at RM45.7 mil
February 25, 2015 : 7:17 PM MYT
KUALA LUMPUR (Feb 25): KNM Group Bhd ( Financial Dashboard) saw its net profit for the financial year ended Dec 31, 2014 (FY14) doubled to RM45.69 million, from RM23.45 a year earlier, due to improved margins.
This translated to an earnings per share (EPS) of 2.94 sen, higher than EPS of 1.6 sen in FY13, despite a 12.3% decline in FY14 revenue to RM1.87 billion, compared to RM1.99 billion a year ago.
“The Asia and oceanic segment registered lower revenue recognition, however with improved margin contribution. The Europe segment’s contribution remains positive, with its stable order book and higher margin contribution,” said KNM (fundamental: 0.85; valuation: 1.2).
However, in the fourth quarter ended Dec 31, 2014 (4QFY14), KNM saw its net profit fallen 47.22% to RM3.97 million, from RM7.51 million in the previous financial year. EPS for the quarter was at 0.26 sen, lower than 0.51 sen a year earlier.
Revenue was down 21.54% to RM451.24 million, from RM575.13 million.
On prospect, KNM expects further improvements in its Asia and Oceanic segment, with more orders coming from the Pengerang Integrated Complex (PIC) project. For its European and Americas segment, it expects profitability to continue, with stable order book secured from these markets.
KNM rose 1 sen to close at 69.5 sen today, giving it a market capitalisation of RM1.14 billion.
February 25, 2015 : 7:17 PM MYT
KUALA LUMPUR (Feb 25): KNM Group Bhd ( Financial Dashboard) saw its net profit for the financial year ended Dec 31, 2014 (FY14) doubled to RM45.69 million, from RM23.45 a year earlier, due to improved margins.
This translated to an earnings per share (EPS) of 2.94 sen, higher than EPS of 1.6 sen in FY13, despite a 12.3% decline in FY14 revenue to RM1.87 billion, compared to RM1.99 billion a year ago.
“The Asia and oceanic segment registered lower revenue recognition, however with improved margin contribution. The Europe segment’s contribution remains positive, with its stable order book and higher margin contribution,” said KNM (fundamental: 0.85; valuation: 1.2).
However, in the fourth quarter ended Dec 31, 2014 (4QFY14), KNM saw its net profit fallen 47.22% to RM3.97 million, from RM7.51 million in the previous financial year. EPS for the quarter was at 0.26 sen, lower than 0.51 sen a year earlier.
Revenue was down 21.54% to RM451.24 million, from RM575.13 million.
On prospect, KNM expects further improvements in its Asia and Oceanic segment, with more orders coming from the Pengerang Integrated Complex (PIC) project. For its European and Americas segment, it expects profitability to continue, with stable order book secured from these markets.
KNM rose 1 sen to close at 69.5 sen today, giving it a market capitalisation of RM1.14 billion.
