Posted by Jimmy Song > 2014-11-25 09:35 | Report Abuse

SIGNATURE’S PAT INCREASES BY 2 FOLDS FOR Q1FY2015 The Group Experiences 131.9% growth For Its Kitchen and Wardrobe Systems PETALING JAYA, 24 NOVEMBER 2014 – SIGNATURE INTERNATIONAL BERHAD (“Signature” or the “Group”), announced its first quarter results for its financial year ended 30 June 2015 (Q1FY15) with a revenue of RM 59.35 million; representing an increase of 119.65% as compared to its preceding year corresponding quarter (Q1FY14) of RM27.02 million. The increase in the Group’s revenue has resulted an increase in its profit before tax (PBT) of RM9.29 million and a profit after tax (PAT) of RM6.96 million, reflecting an increase of 220.5% respectively as compared to Q1FY14. In terms of the Group’s segmental performance to date, its kitchen and wardrobe segment remains to be its core profit contributor with a PBT of RM6.5 million, making up approximately 43% of the Group’s total PBT. This segment reported a 131.9% revenue growth as compared to Q1FY14. This growth was largely due to the higher sales volume deriving from the Group’s project segment’s higher order book leading to improved revenue recognition for the quarter under review. The Group newest business segment, interior fit-out reported a PBT of RM1.4 million. Signature’s white goods and built-in kitchen appliances PBT delivered a staggering 627.3% growth with RM1.0 million as compared to Q1FY14, whilst the glass and aluminium product segment reported a PBT of RM0.2 million. “The management believes that our improving financial performance is a testament of our commitment and effort in delivering product quality, customer satisfaction and prompt delivery to our clients and business partners. This has led to our business growth in our industry which has been evidently reflected with increased project works for the Group.” commented Mr. Tan Kee Choong, Group Managing Director. The Group’s current order book continues to remain strong with an unbilled value of approximately RM200 million. Moving forward, the Group will continue to invest in improving production facilities through increasing automation within the manufacturing processes and workflows. Signature is also progressing with its five-year business plan with the opening of Signature Kitchen Lifestyle Galleries with two (2) galleries opened in 2014 located in Puchong Selangor and Danga Utama, Johor. Signature is working towards in deploying new solutions such as online production process tracking and customer relationship management (CRM) systems to improve efficiency and enhance customers’ experiences. For more information about the Group please go to www.signaturekitchen.com.my *** About Signature International Berhad Signature International Berhad was incorporated in 1994 by Group Managing Director, Mr.Tan Kee Choong and Group Executive Director, Mr. Chooi Yoey Sun. Signature is an established one-stop solutions provider of Kitchen and Wardrobe systems. Bearing over 20 years of industry experience, Signature is involved in the manufacturing, design and distribution of kitchen and wardrobe systems to both retail and project market. For the project market, Signature has been working with many reputable developers such as Sime Darby, UEM Sunrise, Tropicana and Malton.