Amverton Berhad announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of MYR 31,990,000 compared to MYR 36,769,000 a year ago. Profit before interest and taxation was MYR 5,748,000 compared to MYR 7,240,000 a year ago. Profit before taxation was MYR 5,740,000 compared to MYR 7,230,000 a year ago. Net profit attributable to equity holders of parent was MYR 4,151,000 or 1.14 sen per basic share compared to MYR 5,168,000 or 1.42 sen per basic share a year ago.

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.