July 29, 2014 5:04 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Asia Brands Corporation Berhad

Company Overview

Asia Brands Corporation Berhad offers production, trading, marketing, and retailing of lingerie, ladies’ leisure wear, children’s wear, and care and related products in Malaysia. The company offers brassieres, panties, corsets, girdles, camisoles, bodysuits, crop tops, boxer shorts, and sleepwear lingerie. The company sells its products under the brands ‘Audrey’, ‘Lilian’, and ‘Tres Tres’. It also involves in the property rental operations. Asia Brands Corporation operates a network of approximately 200 sales outlets at departmental stores in Malaysia. The company was formerly known as Audrey International Bhd and changed its name to Asia Brands Corporation Berhad in June 2006. The company w...

Lot 10449 Jalan Nenas

Batu 4 1/2

Kampung Jawa

Klang,  41000

Malaysia

Founded in 1987

Phone:

60 3 5161 8822

Fax:

60 3 5162 2728

Key Executives for Asia Brands Corporation Berhad

Managing Director
Age: 44
Secretary
Secretary
Age: 56
Executive
Compensation as of Fiscal Year 2014.

Asia Brands Corporation Berhad Key Developments

Asia Brands Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013

Asia Brands Corporation Berhad announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenue of MYR 83,692,000 against MYR 48,279,000 a year ago. Profit before taxation was MYR 12,075,000 against MYR 2,000,000 a year ago. Profit from continuing operations net of tax was MYR 6,806,000 against MYR 1,754,000 a year ago. Profit after taxation was MYR 6,806,000 or 8.83 sen per share against MYR 1,804,000 or 3.98 sen per share a year ago. The Group's higher revenue and pre-tax profit benefitted from the acquisition of Asia Brands Corporation Berhad subsidiaries which were consolidated to the Group from December 2012. For the six months period, the company reported revenue of MYR 243,799,000 against MYR 107,010,000 a year ago. Profit before taxation was MYR 33,733,000 against MYR 9,670,000 a year ago. Profit from continuing operations net of tax was MYR 23,123,000 against MYR 6,742,000 a year ago. Profit after taxation was MYR 23,123,000 or 30.01 sen per share against MYR 6,856,000 or 15.14 sen per share a year ago. Net cash generated from operating activities was MYR 4,263,000 against net cash used in operating activities of MYR 4,703,000 a year ago. Purchase of property, plant and equipment - Continuing operations was MYR 8,484,000 against MYR 4,861,000 a year ago. The Group's higher revenue and pre-tax profit benefitted from the acquisition of Asia Brands Corporation Berhad subsidiaries which were consolidated to the Group effective from December 2012. The result was also aided by a one-off gain from disposal of properties reported under other income.

Asia Brands Corporation Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2013

Asia Brands Corporation Berhad announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported revenue of MYR 90,114,000 against MYR 37,540,000 a year ago. Profit before taxation was MYR 7,920,000 against MYR 6,898,000 a year ago. Profit from continuing operations net of tax was MYR 4,983,000 against MYR 4,676,000 a year ago. Profit after taxation was MYR 4,983,000 or 6.56 sen per share against MYR 4,771,000 or 11.42 sen per share a year ago. For the six months period, the company reported revenue of MYR 160,107,000 against MYR 58,731,000 a year ago. Profit before taxation was MYR 21,657,000 against MYR 7,671,000 a year ago. Profit from continuing operations net of tax was MYR 16,316,000 against MYR 4,989,000 a year ago. Profit after taxation was MYR 16,316,000 or 21.46 sen per share against MYR 5,053,000 or 12.09 sen per share a year ago. Net cash used in operating activities was USD 5,037,000 against USD 23,052,000 a year ago. Purchase of property, plant and equipment - Continuing operations was USD 5,506,000 against USD 2,076,000 a year ago. The Group's higher revenue and pre-tax profit benefitted from the acquisition of Asia Brands Corporation Berhad subsidiaries which were consolidated to the Group effective from December 2012 and aided by one off other incomes, mainly arising from gain from disposal of properties. Net assets per share were MYR 2.92 against MYR 2.67 a year ago.

Asia Brands Corporation Berhad Proposes Amendments to Articles of Association

Asia Brands Corporation Berhad proposed amendments to the articles n. 117 and 129 of the Articles of Association of the company.

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