Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Saturday, February 20, 2010

Supermax's 4Q earnings surge nearly 30 times to RM44m

KUALA LUMPUR: Supermax Corp Bhd reported a strong set of earnings in its fourth quarter ended Dec 31, 2009, with net profit surging nearly 30 times to RM44.11 million from only RM1.48 million a year ago as it benefitted from higher margins for its rubber gloves and contributions from its associates.

It said on Friday, Feb 19 that revenue rose 7.4% to RM196.42 million from RM182.82 million a year ago. Earnings per share were 16.55 sen versus 0.56 sen. It proposed a tax exempt final dividend of 8% per share of 50 sen for FY09 and special tax exempt dividend of 9%.

Supermax said revenue benefited from strong global demand, increased output from refurbished lines and higher prices commanded for rubber gloves sold.


Remnant 613 said...

Assuming annualised PER of 10.
Fair value = Q eps x 4 x 10,
= 16.6 x 4 x 10 = 664
ie., RM6.60

幸運之神 said...

Learn wisdom by the follies of others. ..................................................