Written by Financial Daily
Tuesday, 18 August 2009 11:54
KUALA LUMPUR: Eastern Pacific Industrial Corp Bhd’s (EPIC) net profit for the second quarter June 30, 2009 (2QFY09) surged 69.97% to RM13.87 million compared with 2QFY08, driven by its oil and gas operations, although revenue plunged 22.25% to RM47.94 million.
It said the decrease in revenue was mainly due to lower oil and gas activities. Earnings per share (EPS) rose to 8.2 sen from 4.82 sen. It declared a tax exempt first interim dividend of 3.5 sen per share.
EPIC also said for the three months to June 30, pre-tax profit grew 36% quarter-on-quarter, due to an increase in oil and gas activities and port operations.
For the first half of FY09, EPIC’s net profit grew 43.2% to RM21.78 million from 1H08, although revenue fell 24.3% to RM90.17 million. EPS grew to 12.87 sen from 8.99 sen.
It said barring unforeseen circumstances, it was confident of achieving satisfactory results in FY09 compared with FY08.
This article appeared in The Edge Financial Daily, August 18, 2009.
Tuesday, 18 August 2009 11:54
KUALA LUMPUR: Eastern Pacific Industrial Corp Bhd’s (EPIC) net profit for the second quarter June 30, 2009 (2QFY09) surged 69.97% to RM13.87 million compared with 2QFY08, driven by its oil and gas operations, although revenue plunged 22.25% to RM47.94 million.
It said the decrease in revenue was mainly due to lower oil and gas activities. Earnings per share (EPS) rose to 8.2 sen from 4.82 sen. It declared a tax exempt first interim dividend of 3.5 sen per share.
EPIC also said for the three months to June 30, pre-tax profit grew 36% quarter-on-quarter, due to an increase in oil and gas activities and port operations.
For the first half of FY09, EPIC’s net profit grew 43.2% to RM21.78 million from 1H08, although revenue fell 24.3% to RM90.17 million. EPS grew to 12.87 sen from 8.99 sen.
It said barring unforeseen circumstances, it was confident of achieving satisfactory results in FY09 compared with FY08.
This article appeared in The Edge Financial Daily, August 18, 2009.