Written by The Edge Financial Daily
Tuesday, 25 August 2009 00:28
KUALA LUMPUR: SEALINK INTERNATIONAL BHD []'s net profit for the second quarter (2Q) ended June 30, 2009 fell 53% to RM10.19 million from RM21.57 million a year ago mainly due to last year's profit having included the excess of fair value of assets and liabilities over purchase consideration of RM8.7 million.
The company said yesterday that excluding the excess of fair value, net profit declined by RM3.70 million.
Sealink's 2Q revenue shed 7% to RM53.74 million while earnings per share fell to 2.04 sen from 14.94 sen.
The firm had proposed a first and final single-tier dividend of 8% or four sen per share for the period ended Dec 31, 2008, which was approved by the shareholders at the Annual General Meeting in June 25 and paid on July 31, 2009.
For the six months ended June 30, the company's net profit rose marginally to RM31.41 million from RM30.15 million the same half last year.
Tuesday, 25 August 2009 00:28
KUALA LUMPUR: SEALINK INTERNATIONAL BHD []'s net profit for the second quarter (2Q) ended June 30, 2009 fell 53% to RM10.19 million from RM21.57 million a year ago mainly due to last year's profit having included the excess of fair value of assets and liabilities over purchase consideration of RM8.7 million.
The company said yesterday that excluding the excess of fair value, net profit declined by RM3.70 million.
Sealink's 2Q revenue shed 7% to RM53.74 million while earnings per share fell to 2.04 sen from 14.94 sen.
The firm had proposed a first and final single-tier dividend of 8% or four sen per share for the period ended Dec 31, 2008, which was approved by the shareholders at the Annual General Meeting in June 25 and paid on July 31, 2009.
For the six months ended June 30, the company's net profit rose marginally to RM31.41 million from RM30.15 million the same half last year.