Zhulian Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2015; Provides Group Earnings Guidance for the Fiscal 2016; Reports Impairment Charges for the Fourth Quarter Ended November 30, 2015
January 22, 2016 at 10:25 pm
Share
Zhulian Corporation Berhad announced unaudited consolidated earnings results for the fourth quarter and full year ended November 30, 2015. For the quarter, the company reported revenue of MYR 64,757,000 against MYR 54,711,000 a year ago. Results from operating activities were MYR 16,710,000 against MYR 9,110,000 a year ago. Profit before tax was MYR 17,908,000 against MYR 12,962,000 a year ago. Profit attributable to owners of the company was MYR 12,530,000 against MYR 11,300,000 a year ago. Basic earnings per share were 2.72 sen against 2.46 sen a year ago.
For the year, the company reported revenue of MYR 225,910,000 against MYR 243,686,000 a year ago. The decrease in revenue was mainly due to drop in local market demand, offset by the increase in revenue to Thailand and additional revenue to new overseas market i.e. Myanmar, coupled with the strengthening of USD. Results from operating activities were MYR 53,044,000 against MYR 33,260,000 a year ago. Profit before tax was MYR 70,715,000 against MYR 57,909,000 a year ago, was mainly contributed by the strengthening of USD. Profit attributable to owners of the company was MYR 53,044,000 against MYR 47,117,000 a year ago. Basic earnings per share were 11.53 sen against 10.24 sen a year ago. Net cash from operating activities was MYR 36,939,000 against MYR 45,609,000 a year ago. Capital expenditure was MYR 21,415,000 against MYR 17,079,000 a year ago.
For the fourth quarter ended November 30, 2015, the company reported impairment of assets of MYR 1,168,000.
Barring unforeseen circumstances, the board of directors remains cautiously optimistic of the group's performance for fiscal 2016.
Zhulian Corporation Berhad is a Malaysia-based investment holding company. The Company is primarily engaged in the manufacturing and trading of an array of diversified products, and other supporting businesses with direct-selling business as its core business. The Company and its subsidiaries principally manufacture jewelry and consumer products, and thereafter, sells them through a direct marketing network. Its segments include Malaysia, Thailand, Myanmar, Cambodia, and Others. It has manufacturing facilities for instant beverage products, functional beverages, traditional herbal supplements, vitamins, home technology products, such as water purifiers and air purifiers, therapeutic bedding products and a series of home care products. Its functional beverages include collagen mix, fiber mix, antioxidant beverage, soya drink, and others. Its ZHULIAN fashion jewelry offers bracelets, necklaces, brooches, pendants, earrings, bangles, and rings, among others.
Zhulian Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended November 30, 2015; Provides Group Earnings Guidance for the Fiscal 2016; Reports Impairment Charges for the Fourth Quarter Ended November 30, 2015