yoong onn corp bhd (YOCB) Snapshot

Yoong Onn Corporation Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported revenue of MYR 45,907,000 against MYR 37,996,000 for the same period last year. Operating profit was MYR 7,752,000 against MYR 6,050,000 for the same period last year. Profit before taxation was MYR 7,584,000 against MYR 5,826,000 for the same period last year. Profit for the period attributable to owners of the parent was MYR 5,619,000 or 3.51 sen per basic share against MYR 4,272,000 or 2.67 sen per basic share for the same period last year. Higher sales were mainly contributed by higher consignment and boutique sales. The higher profit before tax was attributable to higher sales generated. For the nine months, the company reported revenue of MYR 138,006,000 against MYR 115,327,000 for the same period last year. Operating profit was MYR 22,826,000 against MYR 19,822,000 for the same period last year. Profit before taxation was MYR 22,185,000 against MYR 19,188,000 for the same period last year. Profit for the period attributable to owners of the parent was MYR 16,343,000 or 10.21 sen per basic share against MYR 14,211,000 or 8.88 sen per basic share for the same period last year. Net cash generated from operating activities was MYR 8,871,000 against net cash used in operating activities of MYR 72,000 for the same period last year. Purchase of property, plant and equipment was MYR 2,286,000 against MYR 2,092,000 for the same period last year. The sales growth was mainly contributed by higher consignment and boutiques sales. The higher profit before tax was attributed by higher sales generated. The company expects a satisfactory growth in the financial performance of the Group for the coming financial year ending June 30, 2013 with plans and strategies already in place to weather these challenging times. The company has declared an interim dividend of 2.0 sen per ordinary share comprising of 2.0 sen per ordinary share single-tier tax exempt dividend amounting to MYR 3,200,000 in respect of the financial year ending 30 June 2013. The interim dividend will be paid on 29 July 2013 to Depositors whose names are registered in the record of depositors on 10 July 2013.

Yoong Onn Corporation Berhad reported consolidated unaudited earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company reported revenues of MYR 50,145,000 compared with MYR 41,251,000 for the same period last year. Profit before tax was MYR 7,620,000 compared with MYR 6,756,000 for the same period last year. Profit attributable to ordinary equity holders of the parent was MYR 5,644,000 or 3.53 sen basic per share compared with MYR 4,986,000 or 3.12 sen basic per share for the same period last year. Operating profit was MYR 7,831,000 compared with MYR 6,996,000 for the same period last year. For the six months, the company reported revenues of MYR 92,098,000 compared with MYR 77,331,000 for the same period last year. Operating profit was MYR 15,073,000 compared with MYR 13,772,000 for the same period last year. Profit before tax was MYR 14,601,000 compared with profit before tax MYR 13,362,000 for the same period last year. Profit attributable to ordinary equity holders of the parent was MYR 10,725,000 or 6.70 sen diluted per share compared with MYR 9,939,000 or 6.21 sen diluted per share for the same period last year. Net cash from operating activities was MYR 2,088,000 compared with net cash used in operating activities MYR 9,532,000 for the same period last year. Purchase of property, plant and equipment was MYR 1,766,000 compared with MYR 1,613,000 for the same period last year. Higher sales were mainly contributed by higher consignment and boutique sales. The higher profit before tax was attributable to higher sales generated. The board expects a satisfactory growth in the financial performance of the group for the coming financial year ending June 30, 2013 with plans and strategies already in place to weather these challenging times.

Yoong Onn Corporation Berhad reported unaudited consolidated earnings results for the first quarter ended September 30, 2012. For the quarter, the company's revenue was MYR 42 million compared with MYR 36.1 million a year ago. Operating profit was MYR 7.243 million compared with MYR 6.8 million a year ago. Profit before taxation was MYR 7 million compared with MYR 6.604 million a year ago. Profit attributable to owners of the parent was MYR 5.1 million or 3.18 sen per basic share compared with MYR 5 million or 3.09 sen per basic share a year ago. Net cash used in operating activities was MYR 5.1 million against MYR 8.3 million a year ago. Purchase of property, plant and equipment was MYR 0.99 million against MYR 0.2 million a year ago. Higher sales were mainly contributed by higher consignment and boutique sales, due to Hari Raya festive season. The higher profit before tax was mainly due to higher sales generated. The group's current quarter profit before tax increased mainly due to higher sales and operation efficiency in current quarter.