However, net profit declined to RM120.201mil in 2002 from RM168.998mil previously as the company recorded exceptional gains in 2001, arising from partial disposal of an associate company amounting to RM122mil and impairment of investment in an associate amounting to RM47mil, the company said.
Going forward, the company expects a good operating performance in 2003 on the back of its strong order book and expectation of favourable crude palm oil prices. – AFX
Sales for the year amounted to RM235.46mil as opposed to RM229.998mil in 2001 while pre-tax profit was down at RM27.441mil from RM36.324mil at end 2001.
On outlook, the company said a pick-up in the Malaysian domestic economic activities is expected to augur well for the consumer product division’s performance.
With the government’s efforts to pump-prime the economy in the construction sector as well as its initiatives to boost the domestic economy through public sector development, the machinery division is expected to grow positively in 2003, it added.
The company said the travel and car rental division, which relies largely on in-bound tourists, will face challenging prospects in 2003 with uncertainty arising from current war tensions and geopolitical issues. – AFX
Qatar Airways flies to the KLIA on Mondays, Wednesdays, Fridays and Saturdays, plying the Doha-KLIA-Jakarta-KLIA-Doha route using the Airbus A300-600 aircraft.
The airline will also set a milestone by flying direct to Kathmandu, Nepal, 3 times weekly on Wednesdays, Thursdays and Sundays from April 3, Malaysia Airports said.
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