January 30, 2015 2:22 AM ET

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Company Overview of Solid Automotive Berhad

Company Overview

Solid Automotive Berhad, an investment holding company, engages in the trading and distribution of automotive parts and components in Malaysia, Singapore, the Middle East, Africa, and internationally. The company conducts its operations through Automotive Electrical Parts, Automotive Engine and Mechanical Parts, and Others segments. It is involved in the trading and distribution of automotive electrical parts and components, automotive engines, and mechanical parts and components. The company also remanufactures and assembles automotive alternators and starters. Solid Automotive Berhad provides 18 in-house brands, approximately 100 third party brands, and approximately 7,000 SKU items. The c...

No. 5, Jalan Dataran 5

Taman Kempas

Johor Bahru,  81200

Malaysia

Founded in 1982

Phone:

60 7 238 1782

Fax:

60 7 238 9073

Key Executives for Solid Automotive Berhad

Solid Automotive Berhad does not have any Key Executives recorded.

Solid Automotive Berhad Key Developments

Solid Automotive Berhad Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2014

Solid Automotive Berhad reported unaudited consolidated earnings results for the second quarter and six months ended October 31, 2014. For the quarter, the company reported revenue of MYR 36,402,000 against MYR 31,310,000 a year ago. Profit from operations was MYR 4,332,000 against MYR 4,072,000 a year ago. Profit before tax was MYR 4,166,000 against MYR 2,415,000 a year ago. Profit attributable to owners of the parent was MYR 3,130,000 against MYR 1,428,000 a year ago. Earnings per share basic were 2.09 sen against 1.07 sen a year ago. The revenue for the current quarter was derived from the automotive electrical parts which contributed approximately 76% of the total revenue, while the automotive engine mechanical parts and others contributed approximately 24% for the current quarter, compared to 78% and 22% respectively for the corresponding quarter in the preceding year. The increase in profit before tax for the current quarter compared to the corresponding quarter in the preceding year is due to higher revenue achieved in both domestic and export markets which was offset by the lower overall margins. For six months, the company reported revenue of MYR 67,886,000 against MYR 58,415,000 a year ago. Profit from operations was MYR 7,451,000 against MYR 5,975,000 a year ago. Profit before tax was MYR 7,171,000 against MYR 4,223,000 a year ago. Profit attributable to owners of the parent was MYR 5,364,000 against MYR 2,590,000 a year ago. Net cash used in operating activities was MYR 5,202,000 against net cash from operating activities of MYR 1,358,000 a year ago. Purchase of property, plant and equipment was MYR 741,000 against MYR 4,454,000 a year ago. Earnings per share basic were 3.58 sen against 2.08 sen a year ago.

Solid Automotive Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2014

Solid Automotive Berhad announced unaudited consolidated earnings results for the first quarter ended July 31, 2014. For the quarter, the company reported revenue of THB 31,484,000 against MYR 27, 104,000 a year ago. Profit from operations was THB 3,119,000 against MYR 1,902,000 a year ago. Profit before tax was THB 3,005,000 against MYR 1,807,000 a year ago. Profit attributable to owners of the parent was THB 2,234,000 against MYR 1,162,000 a year ago. Earnings per basic share attributable to owners of the parent were 1.49 sen against 1.01 sen a year ago. Net cash used in operating activities was MYR 2,761,000 against net cash for operating activities of MYR 428,000 a year ago. Purchase of property, plant and equipment was MYR 542,000 against MYR 411,000 a year ago. The revenue for the current quarter was derived from automotive electrical parts which contributed approximately 76% of total revenue, while the automotive engine mechanical parts and others contributed approximately 24% for the current quarter, compared to 78% and 22% respectively for the corresponding quarter in the preceding year. The increase in profit before tax for the current quarter compared to the corresponding quarter in preceding year is due to higher revenue achieved in both domestic and export markets.

Solid Automotive Berhad Proposes Final Single Tier Dividend for the Year Ended April 30, 2014

Solid Automotive Berhad proposed a final single tier dividend of 2 sen per share for the year ended April 30, 2014.

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