kamdar group m bhd (KGMB) Snapshot

The board of directors of Kamdar Group (M) Bhd proposed a first and final single tier dividend of 3 cents per ordinary share of MYR 1.00 each for the financial year ended 31 December 2012. The dividend is payable on August 19, 2013 and Ex-date is on July 18, 2013.

Kamdar Group (M) Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue of MYR 45,718,000 compared with MYR 42,698,000 for the same period last year. Profit before tax was MYR 4,709,000 compared with MYR 2,259,000 for the same period last year. Profit attributable to ordinary equity holders of the parent was MYR 3,123,000 or 1.58 sen basic per share compared with MYR 1,330,000 or 0.67 sen basic per share for the same period last year. Net cash from operating activities was MYR 6,061,000 compared with MYR 3,500,000 for the same period last year. Purchase of property, plant and equipment was MYR 1,499,000 compared with MYR 6,575,000 for the same period last year. Revenue decrease is due to the seasonal nature of the industry. The Group's profit before taxation for the current quarter ended 31 March 2013 was RM4.709 million as compared to a profit before tax of MYR 4.634 million in the preceding financial quarter ended 31 December 2012 due to decrease in administrative expenses.

The board of directors of Kamdar Group (M) Bhd proposed a first and final single tier dividend of 3 cents per ordinary share of MYR 1.00 each for the financial year ended 31 December 2012. The proposed dividend is subject to shareholders' approval at the forthcoming Annual General Meeting of the company.