George Kent chairman Tan Sri Tan Kay Hock said the board was upbeat on the outlook of the company
KUALA LUMPUR: George Kent (Malaysia) Bhd posted a strong set of earnings in the second quarter ended July 31, 2015, boosted by the strong engineering and metering divisions.
It said on Tuesday its earnings increased by 38.9% to RM8.47mil from RM6.09mil. Its revenue rose by a stronger pace of 52.8% to RM114.66mil from RM75.04mil.
Earnings per share were higher at 2.8 sen compared with two sen. It rewarded shareholders with a dividend of two sen a share.
In the first half, it recorded a 46% increase in earnings to RM18.34mil from RM12.57mil. Revenue was up 24.1% to RM173.68mil from RM139.90mil.
The significant increase in earnings and revenue was brought on by increased contributions from the group’s engineering and metering divisions.
George Kent chairman Tan Sri Tan Kay Hock said the board was upbeat on the outlook of the company’s performance after posting a set of excellent results.
“The board is optimistic of the group’s prospects for the financial year ending Jan 31, 2016,” he said.
“The commendable results continue to show that our group is recognised for its capability and strong track record in the said fields. They will help us to further strengthen our reputation as we register meaningful strides in both the metering and engineering industries, both locally and abroad.
“The securing of several projects awards such as the project delivery partner for the LRT3 and the Hong Kong water meters tender will expand the group’s earnings base and improve profitability in the foreseeable future,” he said.
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