Success Transformer Corp Bhd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011 ; Provides Earnings Guidance for the Full Year of 2012
February 23, 2012
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Success Transformer Corp. 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 76,890,000 compared to MYR 67,144,000 a year ago. Operating profit was MYR 9,018,000 compared to MYR 10,311,000 a year ago. Profit before taxation was MYR 8,193,000 compared to MYR 10,169,000 a year ago. Profit attributable to the stockholders of the company was MYR 5,897,000 or 5.17 sen basic per share compared to MYR 6,649,000 or 5.74 sen basic per share a year ago. The results were achieved on the back of higher revenue derived from all segments, mainly from process equipment segment.
For the full year, the company reported revenue of MYR 255,260,000 compared to MYR 207,465,000 a year ago. Operating profit was MYR 35,909,000 compared to MYR 34,820,000 a year ago. Profit before taxation was MYR 34,561,000 compared to MYR 34,416,000 a year ago. Profit attributable to the stockholders of the company was MYR 24,618,000 or 21.59 sen basic per share compared to MYR 24,003,000 or 20.73 sen basic per share a year ago. Net Cash flow from operating activities was MYR 23,420,000 compared to MYR 925,000 a year ago. Purchase of property, plant and equipment were MYR 43,118,000 compared to MYR 14,215,000 a year ago.
Barring any unforeseen circumstances, the Group aims to record comparable financial performance in the coming year.
Success Transformer Corporation Berhad is a Malaysia-based company engaged in the business of investment holding and the provision of management services. The Company, through its subsidiary, associate, and joint venture companies, are principally engaged in designing, manufacturing and distribution of electrical apparatus and industrial lighting. Its main business operations encompass manufacturing power transformers and electrical apparatus products, such as automatic voltage stabilizers, detuned harmonic circuit filter reactor, battery chargers and testers. Its product range includes transformers, lightings, aluminum die casting and an intelligent lighting control system (ILCS) platform, which includes smart lighting, traffic adaptive illumination (tai), parking management, environmental analysis, metering, and Internet of things (IoT) connections. Its portfolio includes an LED range of industrial lighting products, such as floodlights, streetlights, high bays, and HID lighting.
Success Transformer Corp Bhd Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011 ; Provides Earnings Guidance for the Full Year of 2012