马镀锡又再给股息 每股20sen

根据马镀锡最新业绩报告，

最新一季每股盈利 11.53sen,

去年同期才赚 5.03sen.

暴增了 100%  x (11.53  - 5.03 ) / 5.03 = 129%

2014财政年累积两季每股盈利 19.33sen



详情请看以下的：

1.    Review of Group performance and current year prospects

        

	July - Sep 2013 RM’000	Apr - June 2013 RM’000	July - Sep 2012 RM’000	Apr – Sep 2013 RM’000	Apr – Sep 2012 RM’000
Revenue
- Malaysia	115,899	96,571	117,571	212,470	242,399
- Vietnam	56,804	56,523	51,003	113,327	112,824
Consol Adjustment	(1,545)	(893)	(1,702)	(2,438)	(3,478)
Total	171,158	152,201	166,872	323,359	351,745
Profit before tax
- Malaysia	14,029	3,769	9,056	17,798	7,994
- Vietnam	5,836	5,306	2,730	11,142	5,460
Consol Adjustment	(5,704)	410	(5,882)	(5,294)	(5,472)
Total	14,161	9,485	5,904	23,646	7,982

         Comparison with corresponding period in the previous year

         The Group’s revenue for the current quarter compared to corresponding period in the previous year increased by RM4.3 million (2.6%) due to increase in sales volume despite lower selling price. The Group’s profit before taxation for the current quarter compared to the corresponding period in the previous year increased by more than 100% due to higher profit margin coupled with increase in sales volume during the quarter under review.

         For Malaysia, the Company’s revenue for the current quarter decreased by RM1.7 million (1.4%) as compared to corresponding period in the previous year due to lower selling price despite increase in sales volume. The increase in sales volume was due to higher demand in local market with lower selling price to ensure price competitiveness against importation price. The Company’s profit before taxation for the current quarter of RM14.0 million compared to RM9.1 million in the corresponding period in the previous year was due to higher profit margin coupled with higher sales volume.

         For Vietnam, the subsidiary Company’s revenue increased by RM5.8 million (11.4%) compared to the corresponding period in the previous year due to higher sales volume despite slight lower selling price. The subsidiary Company’s profit before taxation for the current quarter of RM5.8 million compared to RM 2.7 million at the corresponding period in the previous year was due to higher profit margin coupled with higher sales volume.

        

          

  Comparison with preceding quarter

         For the quarter under review, the Group recorded a revenue of RM171.2 million compared to RM152.2 million in the previous quarter. The Group’s higher revenue was due to higher sales volume coupled with higher selling price. The Group recorded a profit before tax of RM14.2 million compared to RM9.5 million in the previous quarter. The higher profit before tax was due to higher profit margin coupled with higher sales volume.

         For Malaysia, the Company recorded a revenue of RM115.9 million as compared to RM96.6 million in the previous quarter. The Company’s revenue was higher due to higher sales volume coupled with slight higher selling price. The Company recorded a profit before tax of RM14.0 million compared to RM3.8 million in the previous quarter. The higher profit before tax was due to higher profit margin coupled with higher sales volume and dividend income from subsidiary company during the quarter under review.

         For Vietnam, the subsidiary Company recorded a revenue of RM56.8 million as compared to RM56.5 million in the previous quarter. The subsidiary Company’s revenue was slightly higher due to higher selling price despite lower sales volume. The Company recorded a profit before tax of RM5.8 million compared to RM5.3 million in the previous quarter due to higher profit margin despite lower sales volume.

Current year prospects

The Board of Directors expects the Group’s operating environment to remain challenging and competitive due to greater presence of importation from China and Korea as well as the economic downturn in global market. Although these factors will affect the growth and profitability of the Group, however the Management is embarking on cost saving activities and confident that the profitability of the Group for the financial year ending 31 March 2014 will be maintained.

主要竞争是来自中国，韩国进口的倾销锡，

它的对策是节省不必要的开销。

		30 Sep				30 Sep
		2013		2012		2013		2012
		RM,000		RM,000		RM,000		RM,000
Revenue		171,158		166,872		323,359		351,745
Cost of Sales		(154,336)		(156,396)		(293,753)		(334,643)
Gross profit		16,822		10,476		29,606		17,102
Other Income		2,266		1,521		4,085		2,828
Distribution expenses		(2,261)		(3,146)		(4,366)		(5,848)
Administrative expenses		(2,392)		(2,628)		(4,902)		(5,449)
Other Expenses		(192)		(213)		(616)		(438)
Profit from operations		14,243		6,010		23,807		8,195
Finance cost		(82)		(106)		(161)		(213)

能节省多少，看看以上的红色数字吧，2012年与2013年同期对比，不多吧！

它真正大赚的原因是国际锡价走高，锡价从谷底反弹上来。

请看以下图表：

国际锡价近三年走势：



吉隆坡锡价近三年走势：



马镀锡近三年股价走势：

perstim 总票数 99,305,000

现金 81,699,000

每股现金 = 81,699,000 / 99,305,000  = 82sen per share

13-11-2013 ex 过每股 20sen,. 还有 62sen per share.

如果只是少赚没亏，明年依然派得起 全年 40sen 股息。

所以，还能收它多一年。

如果公司没钱，怎可与它长相守谈恋爱，no money no talk。