The first 12 units of the 8X8 Infantry Fighting Vehicle 25mm (IFV25) were handed over to the Malaysian Army by DRB-HICOM Defence Technologies Sdn Bhd (DEFTECH) at its manufacturing plant in Pekan.
IFV25 is the first of total 12 variants to be designed, manufactured and developed by DEFTECH. The remaining 34 units of IFV25 will be delivered in 2015. These vehicles are part of the 257 units of the armoured vehicles that are designed, developed, manufactured, and commissioned by DEFTECH under the current contract awarded in 2011.
The vehicles were handed over by DEFTECH“s Chairman, YBhg Tan Sri Dato“ Sri Haji Mohd Khamil Jamil to the Chief of Army, YM Gen Tan Sri Raja Affandi Raja Mohamed. The handing over ceremony was witnessed by the Malaysian Prime Minister, YAB Dato“ Sri Najib Tun Razak.
DRB-HICOM Berhad today announced its six months results for the financial period ended 30 September 2014 with a revenue increase of 3.7% to RM6.95 billion from RM6.70 billion achieved in the corresponding period last year.
All business sectors of the Group contributed to the growth in revenue. The Group also achieved a higher Profit Before Tax (PBT) of RM361.19 million for the financial period ended 30 September 2014 as compared with RM323.84 million in the corresponding financial period, an increase of 11.5%. Net profit increased from RM210.87 million to RM257.55 million while earnings per share (EPS) too rose from 7.7 sen to 10.4 sen.
In line with DRB-HICOM Bhd“s plans to enhance Konsortium Logistik Berhad“s logistics business as a leading integrated logistics services provider in Malaysia, the Group recently entered into a share sale agreement to acquire 100 percent of Gading Sari Aviation Services Sdn Bhd. This proposed acquisition provides an opportunity for the Group to expand into the air logistics services in the future.
DRB-HICOM Berhad (“DRB-HICOM†or “Groupâ€Â) today announced its results for the first quarter (Q1) ended 30 June 2014 with a higher revenue of RM3.72 billion. This is an increase of 22% as compared to RM3.05 billion in the corresponding period last year.
The Group reported an increase in profit before taxation to RM185.5 million as compared to RM96.2 million in the corresponding period last year, an increase of approximately 93%. The improved performance was largely attributed to stronger performance in the Automotive and Defence, and Services sectors, as well as continued improvements in operating efficiencies and cost containment.
DRB-HICOM BERHAD POSTED RECORD REVENUE OF RM14.2 BILLION FOR THE FINANCIAL YEAR ENDED 31 MARCH 2014
DRB-HICOM Berhad (DRB-HICOM) today announced its results for the financial year ended 31 March 2014 with its revenue exceeding the RM14 billion mark. The Group revenue grew by 8.1% to RM14.2 billion compared with RM13.1 billion previously.
All the three business sectors, namely Automotive and Defence (AD), Services, and Property, Asset and Construction (PAC) contributed to the revenue growth. The AD sector growth was mainly driven by the progress of the AV8 project and the inclusion of aerospace composite business which was acquired during the year through Composite Technology Research Malaysia Sdn Bhd (CTRM). The Services sector saw improvements in the performance of its concession businesses whilst recognition of the revenue from disposal of lands in Iskandar Malaysia contributed to the higher revenue for the PAC sector.
The Group“s profit before taxation excluding exceptional items marginally decreased to RM601.9 million from RM624.8 million or 3.7% compared to the previous financial year. The drop was attributed to the more challenging and competitive automotive business environment which resulted in margin compression for the automotive distribution business, as well as the general increase in the cost of doing business.
“We remained focus in our efforts to strengthen and expand our core businesses internally and externally, and to improve our competitiveness and agility through improvements in operational efficiencies and effective cost management,†said YBhg Tan Sri Dato“ Sri Haji Mohd Khamil Jamil, Group Managing Director of DRB-HICOM.
The Board of Directors had proposed a final single tier dividend of 4.5 sen per share subject to shareholders“ approval at the forthcoming annual general meeting. The total dividend payout for the financial year ended 31 March 2014 is 6.0 sen per share.
DRB-HICOM Berhad (DRB-HICOM) today announced its 9 months performance for the financial period ended 31 December 2013, with Group revenue up 2.7% to RM10.03 billion compared with RM9.77 billion in the previous corresponding period.
The growth in revenue was primarily driven by the Services sector as well as higher revenue recognition from defence related projects.
The Group“s pre-tax profits, excluding exceptional items (E.I.), had increasedby 24.4% to RM386.56 million for the financial period ended 31 December 2013 compared with RM310.63 million reported in the previous corresponding period.
DRB-HICOM“s Group Managing Director, Tan Sri Dato“ Sri Haji Mohd Khamil Jamil said, “In facing the highly competitive and challenging business landscape, the Group will continue in its efforts to improve operational efficiencies and managing the cost of doing business so as to remain competitive and maintain our growth momentum.â€Â
“We have recently completed the acquisitions of CTRM and KonsortiumLogistikBerhad to broaden the Group“s business activities in the composite material manufacturing and engineering industry and the integrated logistics services respectively, which will provide the impetus for future growth. This is in line with the Group“s strategy to streamline its businesses through opportunistic and synergistic acquisitions as well through disposals to optimise and unlock value of the Group“s assets and investments.†added Tan Sri Dato“ Sri Haji Mohd Khamil Jamil.
The Board of Directors had declared a single-tier interim dividend of 1.50 sen per share amounting to RM28.998 million for the current financial year, which will be paid on 28 April 2014.
