BKAWAN announce Q2 Financial Report of FY2009

Batu Kawan Berhad, BKAWAN (Stock Quote 1899) has announced the 2nd quarter financial report for financial year 2009. These are the few key points of the report:

· The Group’s pre-tax profit for the current quarter was RM88.9 million, substantially lower than the RM117.3 million reported in the corresponding quarter last year, due to lower profit contribution from our plantation associate, KLK, which reported lower plantation and manufacturing profits.
· For the first half financial year 2009, Group pre-tax profit at RM140.8 million was lower than the RM262.2 million achieved last year.
· The current quarter’s pre-tax profit of RM88.9 million was higher than the RM51.8 million reported in the preceding quarter mainly due to a USD8.0 million surplus on disposal of an overseas investment by a foreign subsidiary.
· The Net Profit for the current quarter was RM86.66 million compared to the RM115.74 million in the corresponding quarter last year.
· A single-tier tax exempt interim dividend of 10sen per share has been declared. It will be paid on 12 Aug 2009 to shareholders registered in the Company’s Register as at 16 July 2009.
· The Earning Per Share (EPS) for the current quarter is 20.01sen, substantially lower than 26.41sen in the corresponding quarter last year.
· The Net Assets per Share is RM6.35.

Q1 Financial Report of FY2009

BKAWAN announce Q1 Financial Report of FY2009

Batu Kawan Berhad, BKAWAN (Stock Quote 1899) has announced the 1st quarter financial report for financial year 2009. These are the few key points of the report:

· The Group’s pre-tax profit for the current quarter was RM51.8 million, substantially lower than the RM144.9 million reported in the corresponding quarter last year.
· The current quarter’s pre-tax profit of RM51.8 million was substantially lower than the RM135.8 million reported in the preceding quarter mainly due to lower profit contribution from KLK.
· The Net Profit for the current quarter was RM46.96 million compared to the RM142.27 million in the corresponding quarter last year.
· The Earning Per Share (EPS) for the current quarter is 10.29sen, substantially lower than 32.52sen in the corresponding quarter last year.
· The Net Assets per Share is RM6.61.

BKAWAN announce Q4 Financial Report of FY2008

Batu Kawan Berhad, BKAWAN (Stock Quote 1899) has announced the 4th quarter financial report for financial year 2008. These are the few key points of the report:

• The Group’s pre-tax profit for the current quarter was RM135.8 million, marginally higher compared to the RM132.1 million reported in the corresponding quarter last year.

• The Group’s pre-tax profit for the year ended 30 September 2008 was RM522.8 million, substantially higher than the RM359.9 million recorded last financial year, mainly due to higher profit contribution from KLK.

• The Net Profit for the current quarter was RM132.8 million compared to the RM131.6 million in the corresponding quarter last year.

• The Net Profit for the year ended 30 September 2008 was RM514.0 million, substantially higher than the RM355.4 million recorded last financial year.

• The Earning Per Share (EPS) for the current quarter is 30.13sen and 117.25sen for the year ended 30 September 2008.

• The Net Assets per Share is RM6.66.

The price of BKAWAN today is RM7.00, so the PE is RM7.00/RM1.1725 = 5.97x
This is really a very low PE, and the net asset per share is almost same as the share price. BKAWAN announce that there is 9 sen (less 25% tax) and 40 sen (single tier tax exempted) dividend. By using the share price now, RM7.00, the DY is 7%.

Batu Kawan announces 3Q FY2008 Report

Batu Kawan (BKAWAN) has announced the financial report of 3Q FY2008. These are the few key points of the report.

- The group achieved a substantially higher pre-tax profit of RM124.8 million against RM77.9 million reported in the corresponding quarter last year, mainly due to higher profit contribution from KLK.

- The group’s pre-tax profit for the current 9 months under review of RM387.0 million was 69.9% higher than the RM227.8 million achieved in the corresponding period last year.

- The EPS of current quarter is 28.01 sen against 17.15 sen in the corresponding quarter last year. The EPS for the current 9 months is 86.99 sen while the EPS for the corresponding period last year is 50.29 sen.

- Total assets of the group is 2,879.58 million while the total liabilities of the group is 88.63 million.

- The net assets per share is RM 6.34