Homeritz’s 4Q earnings up 28% on stronger greenback, declares 2.5 sen dividend
KUALA LUMPUR (Oct 29): Furniture maker Homeritz Corp Bhd ( Valuation: 1.50, Fundamental: 1.95) registered net profit growth of 27.91% to RM6.64 million for its fourth quarter ended Aug 31, 2015 (4QFY15) from RM5.19 million a year ago, on higher sales and the strengthening of US dollar.
Earnings per share thus improved to 2.21 sen from 1.73 sen. The group proposed a final dividend of 2.5 sen per share, bringing total dividend to four sen per share for FY15.
Meanwhile revenue rose by 14.7% to RM38.11 million, from RM33.24 million a year ago.
For its full financial year (FY15), Homeritz posted a net profit of RM23.55 million, an increase of 16.32% from RM20.25 million in FY14, while revenue rose by 15.13% to RM146.42 million from RM127.18 million last year.
hommeritz is not so defensive, earning shld have been higher, not so good in cost control,this company behaviour is when profit higher, spending is even higher
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WanMei Chin
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Posted by WanMei Chin > 2015-10-29 09:38 | Report Abuse
Let's sail together!