, which sells petroleum products locally and operates service stations, said its 9 months to December sales rose 22.4% year-on-year to RM6.638bil due to higher sales. Pre-tax profit fell by 54.8% to RM266.6mil during that period due to higher petroleum product costs. On a quarterly basis, 3rd quarter to December pre tax profit fell to RM108.5mil compared with RM133.8mil in the 2nd quarter as a result of higher average cost of sales and lower overall sales volume, it said. – AFX
said it is proposing a 2-for-5 bonus issue of up to 20.372 million new shares to raise its share capital as the company has plans to transfer its listing to the KLSE main board from the second board. As of end-2002, Ahmad Zaki’s paid-up capital stood at 46.301 million shares. It is also planning a private placement of up to 7.13 million new shares after the bonus issue, to raise funds from its shareholders for additional working capital as the company wants to boost its financial resources to undertake more jobs as well as build on its order book. The placement shares will be priced at not more than 10% discount to the theoretical ex-bonus price of the 5-day weighted average market price prior to the price fixing date, it said.– AFX
Pre-tax profit fell by 54.8% to RM266.6mil during that period due to higher petroleum product costs. On a quarterly basis, 3rd quarter to December pre tax profit fell to RM108.5mil compared with RM133.8mil in the 2nd quarter as a result of higher average cost of sales and lower overall sales volume, it said. – AFX
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