HLIND (3301) - Hong Leong Industries' 3Q net profit up marginally, pays 17 sen dividend
April 21, 2015 : 8:06 PM MYT
KUALA LUMPUR (April 21): Hong Leong Industries Bhd’s net profit rose by a marginal 0.4% to RM46.03 million for the third financial quarter ended March 31, 2015 (3QFY15), from RM45.84 million a year ago, mainly due to favourable sales mix and lower production costs for its consumer products segment.
Its revenue for the quarter under review climbed 8.8% to RM551.1 million, from RM506.3 million in 3QFY14.
Hong Leong Industries (fundamental: 1.7; valuation: 1.8) also declared a second interim dividend of 17 sen per share for the financial year ending June 30, 2015.
For the nine-month period, net profit increased 4.7% to RM129.82 million, versus RM124.02 million in the previous corresponding period; while revenue rose 5.8% to RM1.61 billion, from RM1.52 billion a year ago.
Barring any unforeseen circumstances, the group expects its performance to be satisfactory for the current financial year.
Hong Leong Industries shares ended 5 sen or 1.05% higher to RM4.80 today, translating into a market capitalisation of RM1.53 billion.
http://www.theedgemarkets.com
April 21, 2015 : 8:06 PM MYT
KUALA LUMPUR (April 21): Hong Leong Industries Bhd’s net profit rose by a marginal 0.4% to RM46.03 million for the third financial quarter ended March 31, 2015 (3QFY15), from RM45.84 million a year ago, mainly due to favourable sales mix and lower production costs for its consumer products segment.
Its revenue for the quarter under review climbed 8.8% to RM551.1 million, from RM506.3 million in 3QFY14.
Hong Leong Industries (fundamental: 1.7; valuation: 1.8) also declared a second interim dividend of 17 sen per share for the financial year ending June 30, 2015.
For the nine-month period, net profit increased 4.7% to RM129.82 million, versus RM124.02 million in the previous corresponding period; while revenue rose 5.8% to RM1.61 billion, from RM1.52 billion a year ago.
Barring any unforeseen circumstances, the group expects its performance to be satisfactory for the current financial year.
Hong Leong Industries shares ended 5 sen or 1.05% higher to RM4.80 today, translating into a market capitalisation of RM1.53 billion.
http://www.theedgemarkets.com
