TA Enterprise Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Year 2018
May 30, 2018 at 04:57 am EDT
TA Enterprise Berhad reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of MYR 1,050,358,000 compared to MYR 256,528,000 a year ago. Operating profit was MYR 322,365,000 compared to MYR 124,509,000 a year ago. Profit before tax was MYR 320,916,000 compared to MYR 106,507,000 a year ago. Profit for the year was MYR 219,837,000 compared to MYR 102,349,000 a year ago. Profit attributable to owners of the company was MYR 128,608,000 compared to MYR 79,175,000 a year ago. Earnings of 7.51 sen per basic and diluted share compared to 4.62 sen per basic and diluted share a year ago. Net cash generated from operating activities was MYR 732,831,000 compared to MYR 73,969,000 a year ago. Purchase of property, plant and equipment was MYR 6,540,000 compared to MYR 347,113,000 a year ago. Purchase of intangible assets was MYR 47,000.
For the financial year 2018, the group expects a steady recurring income and cash-flows contribution from its overseas and local property investments as most of its overseas and local investment properties are well tenanted with long tenancy terms.