August 28, 2014 9:41 PM ET

Containers and Packaging

Company Overview of Luster Industries Bhd

Company Overview

Luster Industries Bhd., an investment holding company, manufactures and sells precision plastic parts and components in Malaysia, Australia, the United Kingdom, Singapore, and internationally. It operates through two segments, Manufacturing and Others. The company is involved in the design and fabrication of moulds and dies; and manufacture of high precision plastic mechanisms, mobile garbage bins, and medical sharp boxes. It is also engaged in the sub-assembly and full assembly of plastic parts and products, and provision of its related services. In addition, the company offers contract manufacturing services, including plastic injection moulding process for precision and high precision pro...

Plot 36 & 37 Jalan PKNK Utama

Kawasan Perusahaan Sungai Petani

Sungai Petani,  08000

Malaysia

Founded in 1986

Phone:

60 4 441 7980

Fax:

60 4 442 8805

Key Executives for Luster Industries Bhd

Luster Industries Bhd does not have any Key Executives recorded.

Luster Industries Bhd Key Developments

Luster Industries Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Luster Industries Bhd reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of MYR 26,717,000 compared with MYR 43,563,000 for the same period last year. The revenue decrease was mainly due to lower sales contributed from consumer electronics sector. Profit before tax was MYR 61,000 compared with MYR 3,398,000 for the same period last year. This was mainly due to the lower sales achieved. The lower capacity utilization has resulted in higher overheads absorbed in relation to sales. Loss attributable to owners of the parent was MYR 245,000 or 0.00 sen diluted per share compared with profit for the year attributable to owners of the parent of MYR 1,019,000 or 0.02 sen diluted per share for the same period last year. For the full year, the company reported revenue of MYR 53,004,000 compared with MYR 72,674,000 for the same period last year. Loss before tax was MYR 643,000 compared with profit before tax of MYR 5,049,000 for the same period last year. Loss attributable to owners of the parent was MYR 789,000 or 0.01 sen diluted per share compared with profit for the year attributable to owners of the parent of MYR 1,520,000 or 0.03 sen diluted per share for the same period last year. Net cash used in operating activities was MYR 3,500,000 compared with net cash generated from operating activities of MYR 4,178,000 for the same period last year. Purchase of property, plant and equipment was MYR 325,000 compared with MYR 7,463,000 for the same period last year.

Luster Industries Bhd Announces Unaudited Consolidated Earnings Results for the First Quarter Ended Marc H 31, 2014

Luster Industries Bhd announced unaudited consolidated earnings results for the first quarter ended Marc h 31, 2014. For the quarter, the company reported revenue of MYR 26,287,000 against MYR 29,111,000 a year ago. Negative results from operating activities were MYR 635,000 against results from operating activities of MYR 1,937,000 a year ago. Loss before taxation was MYR 704,000 against profit before taxation of MYR 1,651,000 a year ago. Loss for the year attributable to owners of the parent was MYR 544,000 or 0.01 sen diluted per share against profit for the year attributable to owners of the parent of MYR 501,000 or 0.01 sen diluted per share a year ago. Net cash used in operating activities was MYR 2,622,000 against net cash generated from operating activities of MYR 6,065,000 a year ago. Purchase of property, plant and equipment was MYR 139,000 against MYR 5,272,000 a year ago. The group revenue decreased from previous year corresponding quarter, this was mainly due to lower sales contributed from consumer electronics sector. The group has recorded a loss before taxation as compared to profit before taxation, mainly due to the lower sales achieved. The lower capacity utilization has resulted in higher overheads absorbed in relation to sales. Adjusted loss attributable to owners of the parent was MYR 974,000 or 0.01 sen diluted per share against adjusted profit attributable to owners of the parent of MYR 725,000 or 0.01 sen diluted per share a year ago.

Luster Industries Bhd, Annual General Meeting, Jun 23, 2014

Luster Industries Bhd, Annual General Meeting, Jun 23, 2014., at 11:00 Singapore Standard Time. Location: Park Avenue Hotel, E-1. Agenda: To receive the directors report and audited financial statements for the financial year ended 31 December 2013 together with the auditors report thereon; to approve the payment of directors' fees of MYR 300,000 for the financial year ended 31 December 2014; to re-elect Mr. Lim See Chea, Mr. Lim See Hua and Mr. Lau Theng Chim who retire in accordance with Article 133 of the company's Articles of Association; to appoint Messrs Grant Thornton as Auditors of the company in place of the retiring Auditors, Messrs Grant Thornton and to authorise the Directors to fix their remuneration; to consider authority to issue shares; and to transact any other business of which due notices shall have been given in accordance with the Companies Act, 1965.

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Merger/Acquisition
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