Xin Hwa Holdings Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
For the nine months, the company reported revenue of MYR 81,281,000. Profit before taxation of MYR 10,205,000. Profit after taxation of MYR 9,144,000. Profit after taxation attributable to owners of the company of MYR 9,265,000. Earnings per share attributable to owners of the company - basic of 4.29 sen. Net cash from operating activities of MYR 11,454,000. Purchase of property, plant and equipment of MYR 18,857,000.
Barring any unforeseen circumstances, the Board is optimistic about the Group's performance but cautious of the uncertain global economic conditions for the financial year ending March 31, 2018.