DRB-HICOM Berhad (“DRB-HICOM†or “the Groupâ€Â) today reported its financial results for the period of six months ended 30 September 2013 with a 24% increase in profit before tax to RM323.8 million from RM260.6 million in the same period last year mainly due to improved performance of the Group“s automotive and services sectors.
For the second quarter ended 30 September 2013, profit before tax increased to RM227.6 million from RM162.7 million on the back of an increase in revenue to RM3.65 billion from RM3.53 billion for the corresponding period due to improved sales of motor vehicles and growth in the services sector during the quarter.
DRB-HICOM Group Managing Director Tan Sri Dato“ Sri Haji Mohd Khamil Jamil said, “Overall, the automotive and services sectors achieved encouraging performance for the first half of the current financial year. Higher sales of motor vehicles in the current quarter and improving operational efficiency of the concession businesses contributed to the overall results of the automotive and services sectors.â€Â
“Despite the competitive landscape, the Group will continue to proactively enhance the value of its core businesses through strategic corporate initiatives. In line with its business objectives, the Group has completed the acquisition of Composites Technology Research Malaysia Sdn. Bhd. on 4 November 2013 and is expected to complete the acquisition of 61.61% in Konsortium Logistik Berhad in December 2013. The business opportunities arising from the new investments will provide synergies with existing businesses of the Group to achieve business and operational efficiencies and effectiveness which will be able to provide long-term sustainable growth for the Group, †added Tan Sri Dato Sri Haji Mohd Khamil Jamil.
DRB-HICOM Berhad (“DRB-HICOM†or “the Groupâ€Â) today reported its financial results for the first quarter ended 30 June 2013. The Group reported first quarter revenue of RM3.05 billion, marginally lower as compared to the corresponding quarter of RM3.46 billion last year. The decrease was primarily driven by lower sales volume in the automotive sector due to unfavourable market sentiment during the quarter..
Despite overall lower revenue, revenue for its Services sector increased by 0.74% to 644 million while revenue for its Property, Asset and Construction (“PACâ€Â) sector increased by 24% to RM77 million on the back of higher progress of our development projects.
The Group recorded a pre-tax profit of RM96.2 million, a slight decrease of 1.7% as compared to RM97.9 million recorded for the corresponding quarter. This is mainly due to higher interest cost as compared to corresponding quarter.
DRB-HICOM Group Managing Director Tan Sri Dato“ Sri Haji Mohd Khamil Jamil said, “There have been uncertainties in the market where the public had been anticipating reduced vehicle prices. This has contributed to an overall drop in automotive sales for this quarter. However, with the new model launches and attractive sales offerings by the Group“s automotive companies such as the launch of Proton Saga SV in mid-June 2013 and Proton Suprima S in mid-August 2013, we are expecting the sales to improve in the coming months.â€Â
“We are also aware of the current economic condition as Bank Negara Malaysia in its latest report has forecasted a lower economic growth for Malaysia for 2013. We are taking the necessary steps to minimise the effect and will continue to leverage on the diversified businesses within the Group,†added Tan Sri Dato“ Sri Haji Mohd Khamil Jamil.
DRB-HICOM Berhad (â€ÂDRB-HICOMâ€Â) became a Presenting Partner of The EurAsia Cup, a newly-launched team match play golf tournament between Asian and Europe, scheduled to take place at the Glenmarie Golf and Country Club in Shah Alam from 28-30 March 2014.
The launching of the logo and announcement of the EurAsia Cup presented by DRB-HICOM was held this morning at the Glenmarie Golf and Country Club by Tun Ahmad Sarji Abdul Hamid, Chairman of Professional Golf of Malaysia (“PGMâ€Â). Also present to witness the launch were Datuk Mohamed Razeek Md Hussain, Chief Operating Officer, Services and Properties of DRB-HICOM, Mr. Kyi Hla Han, Chairman of Asian Tour and Mr. Charlie Tingey, Senior Director of EurAsia Golf Ltd.
Sanctioned by the Asian Tour and The European Tour, the EurAsia Cup presented by DRB-HICOM will be held biennially and pits 10 of the finest golfers from Asia and Europe over three days of exhilarating contest.
PGM has been appointed by the Government of Malaysia to become the local coordinator of the EurAsia Cup, which will be beamed live to over 45countries and 670million homes as Malaysia becomes the centre of global attention next March. The highly anticipated first event will coincide with Visit Malaysia Year 2014.
FREQUENT ASKED QUESTIONS (FAQ)
1. When is DRB-HICOM Autofest 2013?
Date: 28 to 30 June 2013
Venue: SETIA Spice (formerly known as Penang International Sports Arena, PISA), Jalan Tun Dr. Awang,11900 Relau, Pulau Pinang
Time: 11am – 9pm
2. What is the main objective of this event?
There are two main objectives
I. To have an effective CR activity that serves to maintain DRB-HICOM Group dynamics and branding
II. To enhance awareness and visibility on various automotive brands under DRB-HICOM in the northern region including:
· Proton
· Lotus
· Honda
· Suzuki
· Mitsubishi
· Volkswagen
· Audi
· Isuzu
· MODENAS
· Can-am Spyder
.
3. What are the activities during DRB-HICOM Autofest 2013?
There will be plenty of activities for car buyers and the entire family:
1. Autoshow Experience
– LOTUS experience
– MODENAS stunt show
– Mitsubishi G4 concept car
– Special preview of Suzuki Jimny
– Special preview of MODENAS bike
2. Hot deals
– Exclusive packages
– Low financing rates
– Attractive prices
– Student discounts for car and bikes
3. Lucky Draws
– Stand a chance to win a car and bikes
4. Free gifts for early birds
5. Various exciting games for family
6. Contest:
– Creative Photo Contest
– PROTON Best Dress Car Contest
– Best Dress Bike Contest
– Best Car Sound System Contest
4. Is it open to public?
Yes it is open to public
5. How much is the entrance fee?
It is free of charge
6. Why should I buy a car during DRB-HICOM Autofest 2013?
· Special discounts and free mystery gifts
· Pre-registered vehicles at attractive rates
· Immediate stock
· Special financing deals from the selected financial providers
· Special insurance packages
7. Would there be any special auto-related services?
· MASA(24 hours roadside auto-assist) membership card at a special discounted price
· DRB-HICOM Leasing (my.lease) comprehensive car leasing services
· PUSPAKOM vehicle inspection
8. Where can I park my car?
· Parking is available atSETIA Spice (formerly known as PISA with the capacity of 200 parking bays (open space car park), 190 (surrounding perimeter), and 240 (basement)
There will be auxiliary police, security guards and RELA team manning the car park
9. Who is entitled to participate in the lucky draw contest?
Visitors above the age of 18 years can participate in the lucky draws. We have a car and MODENAS motorcycles to be won.
10. Is there a hotline number?
For more enquiries, please call the event hotline at 1-800-88-1788 (during office hours – 8.30am – 5.45pm)
Or visit our website at www.drb-hicom.com
DRB-HICOM BERHAD RECORDS A 91% INCREASE IN REVENUE TO RM13.13 BILLION FOR FY ENDED 31 MARCH 2013
Shah Alam, Thursday, 30 May 2013 – DRB-HICOM Berhad (“DRB-HICOM†or “the Groupâ€Â) today announced its 12-month performance for the financial year ended 31 March 2013, registering Group revenue of RM13.13 billion as compared to RM6.88 billion in the previous financial year. The significant 91% increase (refer to table below) is attributed mainly to the Automotive sector, principally due to the recognition of PROTON Holdings Berhad“s (“PROTONâ€Â) revenue. In addition, the Group“s Property, Asset and Construction (“PACâ€Â), and Services sectors reported improved revenue.
Table: Key Highlights of the Group“s Financial Performance
| 4th Quarter
(Million) |
Variance | Year to Date
(Million) |
Variance | |||
| 31/3/13 | 31/3/12 | 31/3/13 | 31/3/12 | |||
| Revenue | 3,361.0 | 2,124.2 | +58% | 13,134.7 | 6,878.2 | +91% |
| Operating Profit | 314.2 | 117.9 | +166% | 624.8 | 543.4 | +15% |
| Exceptional Items | – | 1,2781 | 412.62 | 1,2781 | ||
| Profit Before Tax | 314.2 | 1,395.9 | 1,037.4 | 1,821.4 | ||
Note: 1 Negative goodwill on acquisition of Proton.
2 Gain on disposal of HICOM Power Sdn Bhd business.
The Group achieved a 15% increase in total operating profits, to RM624.82 million as compared to RM543.44 million (excluding exceptional items) in the preceding financial year. The increase in operating profits is attributed to better performance across all sectors of the Group.
For the fourth quarter ended 31 March 2013, the Group recorded stronger operating profits of RM314.2 million from RM117.9 million recorded in the corresponding quarter of the previous financial year.
DRB-HICOM“s Group Managing Director, Dato“ Sri Haji Mohd Khamil Jamil said, “The Group will continue harnessing its diversity to enhance and strengthen the overall financial and operational performances.â€Â
He further added that although the Automotive sector is important to the Group, but it is not entirely dependent on a single sector, reiterating that the Group is able to leverage on PAC and Services sectors to provide consistent earnings to drive the Group“s growth for the future, as evident in the financial performance.â€Â
Over the 12 months, the Group“s net assets per share has improved to RM3.67 as at 31 March 2013, from RM3.39 last year.
The Group is also proposing a final dividend of 4.5 sen (as compared to 4.0 sen
in 2012 less taxation of 25%), comprising of 0.5 sen gross per share less taxation of 25% and tax exempt dividend of 4.0 sen for FY ended 31 March 2013. The total dividend for the financial year ended 31 March 2013 therefore is 6.0 sen per share, which is equivalent to a payout of RM106.3 million as compared to RM87.0 million in the previous financial year.
DRB-HICOM Berhad presented appreciation award to 519 children of DRB-HICOM Group“s employees who achieved excellent results in the 2012 PMR, SPM and STPM examinations.
The students were celebrated at the Excellence Award Presentation Ceremony held in Wisma DRB-HICOM, Shah Alam. The ceremony was officiated by YBhg Dato“ Sri Che Khalib Mohamad Noh, Chief Operating Officer – Finance, Strategy & Planning of DRB-HICOM.
The Award of Excellence is one of DRB-HICOM“s Corporate Responsibility initiatives to acknowledge and recognise excellent academic achievers amongst the children of employees in DRB-HICOM Group, and indirectly encourages and motivates students to work harder and archive greater success in their studies.
The 519 students rewarded were divided into 3 categories, with 334 recipients for PMR, 179 recipients for SPM and 6 recipients for STPM. The Excellence Awards Ceremony marked the fifth time the award has been held since 2009. The students received cash in the form of Bank Muamalat savings account sponsored by their parent“s respective companies in the DRB-HICOM Group. Overall, DRB-HICOM has rewarded a total of RM285,600.00 for all the recipients.
DRB-HICOM Bhd has incorporated Faurecia Hicom Emissions Control Technologies (M) Sdn Bhd as the joint-venture company with its French partner Faurecia Exhaust International SAS (FEIS).
In filings with Bursa Malaysia, it said its unit Oriental Summit Industries Sdn Bhd would have a 35% stake in Faurecia Hicom, whil FEIS would own the remainder.
The authorised and paid-up share capitals of Faurecia Hicom are RM10mil, comprising 10 million shares of RM1 each, and RM100, comprising 100 shares of RM1 each, respectively.
FEIS is the world’s sixth-largest and Europe’s third-largest automotive supplier, and its core businesses include automotive seating, automotive exteriors and interior systems and emissions control technologies.
DRB-HICOM Berhad reported its 9-month financial result for the period ended 31 December 2012 with an increase in pre-tax profit to RM 723.18 million compared to RM425.54 million in the corresponding period ended 31 December 2011.
Compared with the preceding quarter ended 30 September 2012, the Group also recorded a higher pre-tax profit of RM462.6 million for the quarter ended 31 December 2012 from RM162.66 million, a significant 184.4% jump.
The revenue for the quarter under review was RM2.78 billion, a 63.7% increase as compared to the same quarter last year. For the 9-month period ended 31 December 2012, revenue rose to RM9.77 billion from RM4.75 billion reported in the same corresponding period ended 31 December 2011.
The basic earnings per share for the quarter increased to 20.25 sen from 4.12 sen.
Commenting on the performance, Dato“ Sri Haji Mohd Khamil Jamil, DRB-HICOM Group Managing Director said, “Consumer’s preference & lifestyle have changed over the years and made the domestic automotive business more competitive and challenging. Notwithstanding, the financial performance of the non-automotive sectors have shown steady improvements over the previous financial period. “
He further added that “the Group will continue to embark with its initiatives and enhance and strengthen its existing core businesses and seek new business opportunities. The Board is pleased to declare an interim dividend of 1.5 sen gross per share.â€Â
On 19 February 2013, MOF has accepted on offer from Deftech to acquire its entire 466,778,067 ordinary shares of RM1.00 each representing 96.87% equity interest in CTRM owned by MOF for a total cash consideration of approximately RM298.3 million to be paid to MOF subject to the following:
- Satisfactory outcome of the due dilligence on CTRM Group; and
- Terms and conditions in the sale and purchase agreement (“SPA”) to be negotiated between MOF and Deftech.
Upon satisfaction of the above conditions, Deftech will enter into a definitive SPA with MOF.
CTRM is principally involved in the development and production of aircraft composites components while its subsidiaries are involved in the designing, developing and manufacturing of composite components for aerospace and non-aerospace applications of which includes applications for the defence and automotive industries.
Further announcements will be made by the Company to Bursa Malaysia Securities Berhad (“Bursa Securities”) on a timely manner in accordance with the Main Market Listing Requirements of Bursa Securities, as and when necessary.
FREQUENT ASKED QUESTIONS (FAQ)
1. When is DRB-HICOM Autofest 2013?
Date: 18th to 20th January 2013
Venue: EON Complex, No. 2, Persiaran Kerjaya, Seksyen U1, Taman Perindustrian Glenmarie, 40150 Shah Alam, Selangor
Time: 10.00am till 6.00pm
2. What is the main objective of this event?
I. To showcase and provide a one-stop centre for the various automotive brands under DRB-HICOM including:
· Proton
· Lotus
· Honda
· Suzuki
· Mitsubishi
· Volkswagen
· Audi
· Mahindra
· Isuzu
· Modenas
· Can-am Spyder
II. To raise funds in aid of Gaza as part of our Corporate Responsibility efforts
3. What are the activities during DRB-HICOM Autofest 2013?
· Many lucky draw prizes to be won – Grand prize of a Proton Satria Neo R3
· Auto showcase of various brands under DRB-HICOM
· Bid for pre-registered cars of various makes
· Motorsport exhibition
· Bike service campaign and spare parts sales
· Test drive your favourite cars from various makes under DRB-HICOM
· Get great offers on new and pre-registered cars under DRB-HICOM Group
· Offers on auto-related services such as leasing and breakdown services
· Kids Zone – video games, colouring contests, inflatable castle
· Refreshments area
· Charity Bazaar where a portion or all of the proceeds will go towards Gaza
· Mini exhibition and talks on humanitarian efforts in Gaza by our partnering NGOs
· You can buy your ready-to-wear outfits from designer Jovian Mandagie at special prices
· Celebrity and artiste appearances throughout the event
4. How can I contribute towards Gaza?
· We are working with a few selected NGOs who have done humanitarian and relief efforts in Gaza. Come and support the charity bazaar through purchases and donations and we will channel the proceeds to these selected NGOs.
5. Why should I buy a car during DRB-HICOM Autofest 2013?
· Special discounts and free mystery gifts on new cars
· Pre-registered vehicles up for bidding
· Immediate stock
· Special financing deals from the banks
· Special insurance packages
6. Where can I park my car?
· Parking will be provided at Wisma DRB-HICOM with shuttle services to and fro Wisma DRB-HICOM – EON Complex.
7. Is there a hotline number?
For more details or enquiries, do call the event hotline 03-5885 2494 (during office hours)
Come to DRB-HICOM Autofest, 18-20 January, 10am-6pm at EON Complex Glenmarie Shah Alam. Win cars and motorbikes during the lucky draws and grab special goodies and gifts. Show your support for Gaza by joining us at the charity bazaar. Bring along family for a fun outing! For more info call 0358852494
