| |
YLI Holdings posts a 30% increase in Q3 turnover to
RM 35.7mil
By David Tan in Penang
YLI Holdings Bhd, a specialist in the manufacture
of ductile iron pipes, posted a 30.2% increase in turnover of RM
35.7mil for the third quarter ended Dec 31. Pre-tax. profits also
rose from RM 9.1mil to RM12.0mil over the same period.
"For the first nine months of the current year, we managed
to achieve an aggregate sales revenue and pre-tax profits to RM95mil
and RM30.5mil." "These results surpassed the performance
we achieved for the whole of last year," its group manager
director Loh Yok Yeong told StarBiz.
He attributed the strong performance to the record-breaking sales
achieved by the group for the first nine months of the current fiscal
year. The group, he added, managed to sell more than 30,000 tonnes
of ductile iron pipes in the nine-month period, compared to a similar
amount sold for the entire 2002 fiscal year.
"In view of the group's sterling operating performance, the
board has proposed a bonus issue of up to 32.846 million shares
on the basis of one bonus share for every two shares held,"
he said. The board is recommending a special dividend of 7.5% less
tax.
Loh said the group was expected to continue improving on its operating
performance for the 2004 fiscal year beginning April.
|
