Last 16.50 MYR
Change Today +0.20 / 1.23%
Volume 18.8K
TC On Other Exchanges
Symbol
Exchange
Kuala Lumpur
As of 4:51 AM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

tasek corp bhd (TC) Snapshot

Open
16.40
Previous Close
16.30
Day High
16.50
Day Low
16.20
52 Week High
10/9/14 - 16.50
52 Week Low
01/28/14 - 12.89
Market Cap
2.0B
Average Volume 10 Days
11.0K
EPS TTM
0.88
Shares Outstanding
121.1M
EX-Date
08/18/14
P/E TM
18.8x
Dividend
0.70
Dividend Yield
9.70%
Current Stock Chart for TASEK CORP BHD (TC)

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tasek corp bhd (TC) Details

Tasek Corporation Berhad manufactures and sells cement and related products in Malaysia and internationally. It operates through two segments, Cement and Ready Mix Concrete. The company offers ordinary Portland cement, masonry cement, and clinker. It is also involved in the manufacture and trade of ready-mixed concrete; and quarry operations. The company was formerly known as Tasek Cement Limited. Tasek Corporation Berhad was incorporated in 1962 and is based in Kuala Lumpur, Malaysia. Tasek Corporation Berhad is a subsidiary of HL Cement (Malaysia) Sdn Bhd.

Founded in 1962

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Executives, Board Directors

tasek corp bhd (TC) Key Developments

Tasek Corporation Berhad Announces Interim Ordinary Dividend and Preferred Dividend, Payable on September 9, 2014

Tasek Corporation Berhad announced that a single-tier interim ordinary dividend of 40 sen per share against 32 sen per share less income tax of 25% for the same period a year ago has been declared and will be payable on September 9, 2014 to shareholders whose names appear in the Record of Depositors at the close of business on August 20, 2014. The company also announced a single-tier interim ordinary dividend of 40 sen per share on the 6% Cumulative Participating Preference Shares against 32 sen per share on the 6% Cumulative Participating Preference Shares for the same period a year ago has been declared and will be payable on September 9, 2014 to shareholders whose names appear in the Record of Depositors at the close of business on August 20, 2014.

Tasek Corporation Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Tasek Corporation Berhad reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported operating profit of MYR 33,981,000, profit before tax of MYR 40,553,000 and profit attributable to equity holders of the company of MYR 31,097,000 or 25.60 sen per basic share on revenue of MYR 171,502,000 against operating profit of MYR 20,385,000, profit before tax of MYR 27,829,000 and profit attributable to equity holders of the company of MYR 21,822,000 or 17.96 sen per basic share on revenue of MYR 141,996,000 for the same period of last year. The group's total net revenue of MYR 172 million for the current quarter is MYR 30 million higher than the previous year's corresponding quarter mainly due to increase in the demand for cement in the domestic market. As a result, the group's profit after tax for the current quarter increased to MYR 31.1 million compared with the previous year's corresponding quarter of MYR 21.8 million. However, the profit For the six months, the company reported operating profit of MYR 59,313,000, profit before tax of MYR 72,799,000 and profit attributable to equity holders of the company of MYR 56,016,000 or 46.10 sen per basic share on revenue of MYR 334,414,000 against operating profit of MYR 41,652,000, profit before tax of MYR 56,021,000 and profit attributable to equity holders of the company of MYR 43,526,000 or 35.82 sen per basic share on revenue of MYR 278,089,000 for the same period of last year. Net cash flows from operating activities was MYR 82,999,000 against MYR 31,661,000 for the same period of last year. Purchase of property, plant and equipment was MYR 13,316,000 against MYR 20,428,000 for the same period of last year. Purchase of intangible assets was MYR 113,000 against MYR 56,000 for the same period of last year. The group's total net revenue of MYR 334 million for the current period to date was MYR 56 million higher than the previous year's corresponding period mainly due to the strong demand for cement in the domestic market and improved pricing. As a result, the group's profit after tax for the current period grew by MYR 12.5 million or 28.7% to MYR 56 million from last year's corresponding period of MYR 43.5 million. The weak performance from concrete segment and lower share of profit from the group's associated companies have partially affected the group's results for the current period to date. The Group expects to continue to maintain its positive performance for the third quarter of 2014.

Tasek Corporation Berhad Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2014; Announces Impairment Charges for the First Quarter of 2014; Provides Earnings Guidance for the Second Quarter of 2014

Tasek Corporation Berhad announced consolidated unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenue of MYR 162,912,000 against MYR 136,093,000 a year ago, mainly attributable to the strong demand for cement in the domestic market. Profit before tax was MYR 32,246,000 against MYR 28,192,000 a year ago. Profit for the period attributable to ordinary equity holders of the parents was MYR 24,919,000 against MYR 21,704,000 a year ago. Basic and diluted earnings per share were MYR 20.50 against MYR 17.85 a year ago. Net assets per share attributable to ordinary equity holders of the parent were MYR 7.4533. Operating profit was MYR 25,332,000 against MYR 21,267,000 a year ago. Net cash flows from operating activities were MYR 38,218,000 against MYR 4,175,000 a year ago. Purchase of property, plant and equipment was MYR 7,499,000 against MYR 8,354,000 a year ago. Purchase of intangible assets was MYR 76,000 against MYR 55,000 a year ago. The company announced property, plant and equipment written off of MYR 1,000 for the first quarter ended March 31, 2014, compared to MYR 35,000 for the first quarter ended March 31, 2013. The company announced that the group is expected to continue to maintain its positive performance for the second quarter of 2014.

 

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