Amverton Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018; Announces Property, Plant & Machinery Written-Down for the Second Quarter Ended June 30, 2018
For the six months, the company reported revenue of MYR 61,926,000 compared to MYR 60,477,000 a year ago. Profit before interest and taxation was MYR 11,221,000 compared to MYR 9,817,000 a year ago. Profit before taxation was MYR 11,205,000 compared to MYR 9,793,000 a year ago. Net profit attributable to equity holders of parent was MYR 7,758,000 or 2.13 sen per basic share compared to MYR 6,657,000 or 1.82 sen per basic share a year ago. Net cash generated from operating activities was MYR 28,138,000 compared to net cash used in operating activities of MYR 8,556,000 a year ago. Purchase of property, plant and equipment was MYR 2,329,000 compared to MYR 2,016,000 a year ago. Development expenditure incurred was MYR 9,758,000 compared to MYR 324,000 a year ago.
For the second quarter ended June 30, 2018, the company announced property, plant & machinery written-down of MYR 24,000.