padiberas nasional bhd (6866) Snapshot

Padiberas Nasional Bhd announced the resignation of Dato’ Abdul Rahman Bin Datuk Haji Dahlan as Independent & Non Executive Director. The company announced the appointment of Y.B. Dato’ Abdul Rahman Bin Datuk Haji Dahlan as Minister of Urban Wellbeing, Housing and Local Government. The change was effective on June 05, 2013.

Padiberas Nasional Bhd announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of MYR 894,714,000 compared to MYR 893,788,000 a year ago. Profit before tax was MYR 48,964,000 compared to MYR 49,634,000 a year ago. Profit attributable to equity holders of the parent company was MYR 33,234,000 compared to MYR 37,580,000 a year ago. Basic earnings per share were 7.07 sen compared to 7.99 sen a year ago. Profit for the period was MYR 35,424,000 compared to MYR 39,562,000 a year ago. Net cash generated from operating activities was MYR 11,409,000 compared to net cash used in operations of MYR 358,879,000 a year ago. Purchase of property, plant and equipment was MYR 8,964,000 compared to MYR 12,392,000 a year ago. For the quarter, the company reported impairment loss on receivables was MYR 408,000 against MYR 433,000 a year ago.

Padiberas Nasional Bhd proposed amendment to the articles of association of the company at the Annual General Meeting to be held on 25 June 2013.