source: [thestar online]
Dialog Q1 earnings up fractionally by 1.88% to RM47.67mil
KUALA LUMPUR: O&G engineering company Dialog Group Bhd’s earnings crept up fractionally by 1.88% year-on-year to RM47.67mil from RM46.79mil in the first quarter of the financial year ended June 30, 2014.
This was from the much improved revenue in the quarter, which jumped 38% to RM575.47mil from RM417mil in the preceding year, as profit before tax rose 14% to RM64mil from RM56.2mil.
However, operating expenses in the quarter went up steeply, hitting RM523.77mil from RM375.88mil previously.
Earnings per share came in at 1.98 sen versus 1.96 previously, and the company did not declare any dividend.
According to Dialog, the higher revenue in the quarter was from the continuing EPCC (engineering, procurement, construction and commissioning) activities atPengerang Deepwater Petroleum Terminal in Pengerang, Johor, as well as increased plant maintenance and fabrication activities in Malaysia.
Revenue from the company’s international operation was also higher. Its Singapore operation revenue was up by 48%, and it also recorded strong sales of specialist products and services countries like India, Thailand and Russia.
Dialog said it was positive on its prospects, as the O&G sector in Malaysia was expected to remain a main growth driver for the economy with the Government investing RM70bil from its ETP funding into Pengerang.
“Barring unforeseen circumstances, the group is confident that it will continue to deliver a healthy performance for the financial year ending June 30, 2014,” Dialog said.
