PJBumi Bhd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011 ; Provides Revenue Guidance for the Full Year of 2012
February 28, 2012
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PJBumi Bhd reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company reported revenue of MYR 5,554,000 against MYR 9,614,000 for the same period earlier. Profit from operations was MYR 533,000 against MYR 2,583,000 for the same period earlier. Profit before taxation was MYR 467,000 against MYR 2,228,000 for the same period earlier. Profit after taxation and profit for the period was MYR 193,000 against MYR 2,420,000 for the same period earlier. Basic earnings per ordinary share 0.39 sen against 4.84 sen for the same period earlier.
For the year, the company reported revenue of MYR 23,223,000 against MYR 29,043,000 a year ago. Profit from operations was MYR 1,111,000 against MYR 5,449,000 a year ago. Loss before taxation was MYR 542,000 against profit before taxation of MYR 3,537,000 a year ago. Loss after taxation and loss for the period was MYR 847,000 against profit after taxation and profit for the period of MYR 3,283,000 a year ago. Basic loss per ordinary share was 1.69 sen against basic earning per ordinary share of 6.57 sen a year ago. Net cash generated from operating activities was MYR 2,426,000 against MYR 1,796,000 a year ago.
The Group expects the sales and servicing of FRP tanks business segment as well as revenue from solid waste management segment to continue contributing significant results to the consolidated revenue of the Group for the remaining quarters of the current financial year.
PJBumi Berhad is a Malaysia-based investment holding company that is engaged in the integrated multi-disciplinary engineering and construction services. The Companyâs segments include Civil, mechanical, and electrical engineering works, providing maintenance, upgrading and/or rectification works; General & Industrial products trading and marketing services; Environmental Management Services; Fabrication and sales of fiber glass related products and steel structures, and Management services and investment holding. It provides a range of engineering, procurement, and construction (EPC) services in various industries, including environmental, energy and renewable energy, municipal solid waste, building services and utilities, and general construction industry. It offers a complete suite of engineering services which span across feasibility, assessment and independent peer project review, design, documentation, and project Management right through to actual implementation.
PJBumi Bhd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011 ; Provides Revenue Guidance for the Full Year of 2012