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March 30, 2015 7:02 AM ET

Containers and Packaging

Company Overview of Luster Industries Bhd

Company Overview

Luster Industries Bhd., an investment holding company, manufactures and sells precision plastic parts and components in Malaysia, Australia, the United Kingdom, Singapore, and internationally. It operates through two segments, Manufacturing and Others. The company is involved in the design and fabrication of moulds and dies; and manufacture of high precision plastic mechanisms, mobile garbage bins, and medical sharp boxes. It is also engaged in the sub-assembly and full assembly of plastic parts and products, and provision of its related services. In addition, the company offers contract manufacturing services, including plastic injection moulding process for precision and high precision pro...

Plot 36 & 37 Jalan PKNK Utama

Kawasan Perusahaan Sungai Petani

Sungai Petani,  08000

Malaysia

Founded in 1986

Phone:

60 4 441 7980

Fax:

60 4 442 8805

Key Executives for Luster Industries Bhd

Luster Industries Bhd does not have any Key Executives recorded.

Luster Industries Bhd Key Developments

Luster Industries Bhd Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Luster Industries Bhd announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of MYR 23,568,000 compared with MYR 28,278,000 for the same period a year ago. Loss from operating activities was MYR 645,000 compared with profit from operating activities of MYR 783,000 for the same period a year ago. Loss before taxation was MYR 708,000 compared with profit before taxation of MYR 731,000 for the same period a year ago. Loss for the year attributable to owners of the parent was MYR 957,000 or 0.06 sen per basic share compared with MYR 59,000 for the same period a year ago. The lower loss before tax this was mainly due to the lower sales achieved. The lower capacity utilization has resulted in higher overheads absorbed in relation to sales. For the year, the company reported revenues of MYR 101,583,000 compared with MYR 143,463,000 for the same period a year ago. Profit from operating activities was MYR 2,168,000 compared with MYR 9,448,000 for the same period a year ago. Profit before taxation was MYR 1,916,000 compared with MYR 8,817,000 for the same period a year ago. Profit for the year attributable to owners of the parent was MYR 557,000 or 0.04 sen per basic share compared with MYR 3,091,000 or 0.24 sen per basic share for the same period a year ago. Net cash generated from operating activities was MYR 98,000 compared with MYR 8,757,000 for the same period a year ago. Purchase of property, plant and equipment was MYR 8,194,000 compared with MYR 8,101,000 for the same period a year ago. The board is cautiously optimistic to be able to deliver positive performance in financial year 2015.

Luster Industries Bhd, Special/Extraordinary Shareholders Meeting, Dec 12, 2014

Luster Industries Bhd, Special/Extraordinary Shareholders Meeting, Dec 12, 2014., at 11:00 Singapore Standard Time. Location: President 2, Level II, Park Avenue Hotel.

Luster Industries Bhd Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Luster Industries Bhd reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MYR 25,011,000 against MYR 42,511,000 a year ago. Results from operating activities were MYR 3,323,000 against MYR 3,118,000 a year ago. Profit before taxation was MYR 3,267,000 against MYR 3,037,000 a year ago. Profit for the period attributable to owners of the parent was MYR 2,303,000 or 0.03 sen per diluted share against MYR 1,630,000 a year ago. The Group revenue has decreased was mainly due to lower sales contributed from a consumer in the electronics sector. The group has recorded a profit before taxation decrease mainly due to the gain on disposal of property, plant and equipment of MYR 3.3 million in current quarter under review. For the nine months, the company reported revenue of MYR 78,015,000 against MYR 115,185,000 a year ago. Results from operating activities were MYR 2,813,000 against MYR 8,665,000 a year ago. Profit before taxation was MYR 2,624,000 against MYR 8,086,000 a year ago. Profit for the period attributable to owners of the parent was MYR 1,514,000 or 0.02 sen per diluted share against MYR 3,150,000 a year ago. Net cash used in operating activities was MYR 5,396,000 against net cash generated from operating activities of MYR 5,857,000 a year ago. Purchase of property, plant and equipment was MYR 5,024,000 against MYR 10,111,000 a year ago. Net assets per share as at the end of the period were MYR 0.09. The decrease in revenue and PBT was mainly due to the lower sales abovementioned.

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