Press Metal Bhd declared third interim tax exempt dividend of 2% per ordinary share for the financial year ended December 31, 2012, payable on April 10, 2013. Entitlement date is March 15, 2013 and ex-date is March 13, 2013.

Press Metal Bhd reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenue of MYR 727,074,000 against MYR 636,506,000 a year ago. Profit from operations was MYR 52,834,000 against MYR 54,335,000 a year ago. Profit before tax was MYR 15,589,000 against MYR 27,924,000 a year ago. Profit for the year was MYR 15,109,000 against MYR 27,509,000 a year ago. Attributable to equity holders of the parent was MYR 13,100,000 against MYR 27,044,000 a year ago. Basic earnings per share were 2.71 sen against 6.16 a year ago. Higher turnover was mainly contributed by its Bintulu smelting plant which started operations during the quarter. Lower profit before tax was mainly due to the softening of metal price and higher financing costs incurred. For the year, the company reported revenue of MYR 2,383,655,000 against MYR 2,268,751,000 a year ago. Profit from operations was MYR 194,600,000 against MYR 201,650,000 a year ago. Profit before tax was MYR 92,822,000 against MYR 123,077,000 a year ago. Profit for the year was MYR 230,335,000 against MYR 101,106,000 a year ago. Attributable to equity holders of the parent was MYR 191,035,000 against MYR 90,291,000 a year ago. Basic earnings per share were 41.75 sen against 20.72 a year ago. Net cash from operating activities was MYR 572,202,000 against net cash used in operating activities of MYR 160,560,000 a year ago. Acquisition of properties, plant and equipment was MYR 1,248,820,000 against MYR 236,999,000 a year ago.

Press Metal Bhd reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company has posted revenue of MYR 609,135,000 against MYR 581,668,000 a year ago. Profit from operations was MYR 43,729,000 against MYR 47,456,000 a year ago. Profit before tax was MYR 20,489,000 against MYR 30,068,000 a year ago. Profit after taxation attributable to equity holders of the company was MYR 136,093,000 or 30.52 sen per basic share against MYR 20,132,000 or 4.58 sen per basic share a year ago. Increase in turnover was mainly due to higher output generated by smelting plant in the current year quarter under review. Lower profit before tax was manly due to lower metal price and higher financing costs incurred. For the nine months, the company has posted revenue of MYR 1,656,581,000 against MYR 1,646,508,000 a year ago. Profit from operations was MYR 141,766,000 against MYR 148,237,000 for the same period a year ago. Profit before tax was MYR 77,233,000 against MYR 100,048,000 a year ago. Profit after taxation attributable to equity holders of the company was MYR 177,935,000 or 39.91 sen basic per share against MYR 64,878,000 or 14.77 sen basic per share a year ago. Net cash inflow from operating activities was MYR 331,941,000 against MYR 49,455,000 a year ago. Acquisition of property, plant and equipment was MYR 1,025,488,000 against MYR 320,747,000 a year ago. Net assets per share attributable to ordinary equity holders of the parent as on September 30, 2012 were MYR 2.30 against MYR 1.86 as at September 30, 2010. An interim tax exempt dividend of 2% per ordinary share has been declared by the Board of Directors for the financial year ending December 31, 2012. The book closure and payment dates for the aforesaid dividend are November 28, 2012 and December 20, 2012 respectively.