Last 0.79 MYR
Change Today +0.005 / 0.64%
Volume 280.7K
FMRB On Other Exchanges
Kuala Lumpur
As of 4:51 AM 04/18/14 All times are local (Market data is delayed by at least 15 minutes).

formis resources bhd (FMRB) Snapshot

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03/25/14 - 0.88
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06/4/13 - 0.43
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formis resources bhd (FMRB) Details

Formis Resources Berhad, an investment holding company, is engaged in the information technology business in Malaysia, Singapore, Thailand, and Indonesia. The company operates in five segments: Distribution, Networks, Software, Solutions, and Systems. The Distribution segment distributes, maintains, and resells hardware and software products. The Networks segment provides a range of tele/data communication and networking solutions and services. The Software segment offers legal, financial, and commercial software products, as well as services to develop and implement platform independent software solutions. The Solutions segment provides integrated business solutions based on SAP software; and customized solutions, which include building automation and management, media publication, and broadcasting solutions. The Systems segment provides customized systems integration of hardware platforms, maintenance, and after sales support services. In addition, the company is involved in property development; and the provision of solutions and services to multimedia industry, as well as offers information technology services, such as hardware, software, consultancy, and maintenance to telecommunication, oil and gas, and government sectors. Further, it automates, installs, and maintains computer hardware and software, and other automated related projects; and develops multimedia technology application, as well as provides turnkey solution development services. The company is based in Kuala Lumpur, Malaysia.

formis resources bhd (FMRB) Top Compensated Officers

Executive Director and Member of Executive Co...
Total Annual Compensation: 376.3K
Executive Director and Member of Executive Co...
Total Annual Compensation: 281.2K
Compensation as of Fiscal Year 2013.

formis resources bhd (FMRB) Key Developments

Formis Resources Mulls Acquisitions

Formis Resources Berhad (KLSE:FRB) is seeking acquisitions. Formis is on the lookout for British software companies. Narrowing margin in the home turf has prompted the company to look beyond Malaysia’s shores for acquisition and business expansion. Tan Sri Megat Najmuddin Megat Khas, Non Executive Chairman of Formis, said that Formis aims to buy companies that own mobile apps and games as well as software related to banking, business, finance and insurance sectors. Najmuddin added that Formis is also looking at China and India-based software and technology companies. Najmuddin said, "We are talking to a few parties. The ICT (information communication and technology) game in Malaysia is becoming tougher. The profit margins are thinning and that is why we have to look at software companies to manage it better. We will gauge whether the apps and software that we are acquiring fit our business model, and they will do well. We will go through the due diligence and the process with the authorities." Megat Najmuddin added that the acquisition of companies will be dealt via share swap and cash. Megat Najmuddin also said, "I will reduce my stake, if necessary, to make way for the acquisition. We are doing this to grow Formis into a bigger entity."

Formis Resources Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013; Reports Inventory Write-Down for the Fourth Quarter of 2013

Formis Resources Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported revenue of MYR 105.425 million compared to MYR 79.527 million for the same period a year ago. Profit before tax was MYR 13.005 million compared to MYR 2.414 million for the same period a year ago. Profit attributable to owners of the company was of MYR 11.670 million or 3.43 sen per basic share per diluted share compared to MYR 67,000 or 0.04 sen per basic share for the same period a year ago. For nine months, the company reported revenue of MYR 263.069 million compared to MYR 228.965 million for the same period a year ago. Profit before tax was MYR 20.092 million compared to MYR 1.948 million for the same period a year ago. Profit attributable to owners of the company was of MYR 16.771 million or 4.93 sen per diluted share compared to loss of MYR 2.530 million or 1.36 sen per diluted share for the same period a year ago. Net cash from operations was MYR 1.718 million compared to MYR 15.089 million for the same period a year ago. Purchase of property, plant and equipment was of MYR 2.811 million compared to MYR 0.647 million for the same period a year ago. The company reported inventories written down of MYR 199,000 for the fourth quarter of 2013 against MYR 21,000 for the same period a year ago. For the quarter, impairment losses on trade receivables was MYR 280,000.

Formis Resources Berhad Announces quarter Dividend for Year 2013, Payable on May 21, 2014

Formis Resources Berhad announced that to pay dividend for year 2013 performance at the rate of THB 0.73 per share. During the year 2013, the Board of Directors approved and paid the interim dividend for 3 times, at THB 0.225 per share on July 30, 2013, at THB 0.125 per share on September 13, 2013, and at THB 0.15 per share on December 12, 2013, totaling interim dividend of THB 0.50 per share. Thus, the remaining THB 0.23 per share (totaling THB 184,000,000) for 2013 performance would be further paid out of the profits from the operation during the period of October 1, 2013 to December 31, 2013. The record date for right to receive dividend would fall on May 8, 2014, the name would be collected under Article 225 of the Securities and Exchange Act B.E.2535 (Amended B.E.2551) by closing the share registration book on May 9, 2014 and setting the date of dividend payment to be May 21. 2014.


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