Luxchem posts 7.6% lower Q4 earnings of RM8.77

As the value of the company is tied to the performance of the company, it is in the interest of the warring shareholders to argue and fight outside the company.

KUALA LUMPUR: Luxchem Corp Bhd recorded a 7.6% dip in its fourth quarter earnings ended Dec 31, 2018, to RM8.77mil on lower gross profit margin and higher operating expenses.

In a filing with the stock exchange, the group said revenue for the quarter under review improved 5% from RM197.23mil to RM206.25mil due to higher contributions from its trading segment.

For the full year ended Dec 31, the group's net profit came in 6.7% lower at RM37.98mil on 9.1% higher revenue of RM814.09mil.

In its outlook for the subsequent quarter, the group said it could be affected by uncontrollable external factors.

"The group’s performance can be affected by fluctuations in USD/RM exchange rates, raw material price fluctuations, raw material demand and supply situations and competition," it said.

The group announced an interim dividend of 1.25 sen per share, bringing full year payout to 2.25 sen per share as compared to four sen per share in the previous financial year.