January 20, 2017 7:38 PM 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 electrical parts and components in Malaysia, the Asia Pacific, the Middle East, Africa, and internationally. The company operates through three segments: Automotive Electrical Parts, Automotive Engine and Mechanical Parts, and Others segments. It also trades in and distributes automotive engines, and mechanical parts and components; and remanufactures and assembles automotive alternators and starters, as well as engages in the property holding activities. Solid Automotive Berhad provides 18 in-house brands, approximately 100 third party brands, and approximately 7,000 SKU items. The ...

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 Announces Single Tier Interim Dividend for the Year Ending April 30, 2017, Payable on February 28, 2017

Solid Automotive Berhad announced single tier interim dividend of 0.30 sen per ordinary share of MYR 0.50 each for the financial year ending April 30, 2017. The dividend is payable on February 28, 2017, ex-date is February 8, 2017 and entitlement date is February 13, 2017.

Solid Automotive Berhad Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended October 31, 2016

Solid Automotive Berhad announced unaudited consolidated earnings results for the second quarter and six months ended October 31, 2016. For the quarter, the company reported revenue of MYR 32.539 million as compared to MYR 33.222 million for the same period last year. Profit from operations was MYR 2.299 million as compared to MYR 3.920 million for the same period last year. Profit before tax was MYR 2.124 million as compared to MYR 3.695 million for the same period last year. Profit attributable to owners of the parent was MYR 1.366 million as compared to MYR 2.722 million for the same period last year. Diluted earnings per share were MYR 0.63. For the six months, the company reported revenue of MYR 62.167 million as compared to MYR 61.548 million for the same period last year. Profit from operations was MYR 4.182 million as compared to MYR 6.254 million for the same period last year. Profit before tax was MYR 3.825 million as compared to MYR 5.725 million for the same period last year. Profit attributable to owners of the parent was MYR 2.521 million as compared to MYR 4.180 million for the same period last year. Diluted earnings per share were MYR 1.16. Cash for operating activities was MYR 4.011 million as compared to cash from operating activities of MYR 3.516 million for the same period last year. Acquisition of property, plant and equipment was MYR 2.169 million against MYR 0.798 million a year ago.

Solid Automotive Berhad Reports Unaudited Consolidated Earnings Results for the First Quarter Ended July 31, 2016

Solid Automotive Berhad reported unaudited consolidated earnings results for the first quarter ended July 31, 2016. For the quarter, the company reported revenue of MYR 29,628,000 against MYR 28,326,000 a year ago. Profit before tax was MYR 1,701,000 against MYR 2,030,000 a year ago. Profit from operations was MYR 1,883,000 against MYR 2,334,000 a year ago. Profit for the period was MYR 1,155,000 against MYR 1,457,000 a year ago. Profit attributable to ordinary equity holders of the parent was MYR 1,155,000 against MYR 1,459,000 a year ago. Diluted earnings per share were MYR 0.56 against basic earnings per share of MYR 0.92 per share a year ago. Net assets per share attributable to ordinary equity ordinary equity holders of the parent were MYR 0.82. Net cash used in operating activities was MYR 1,609,000 against MYR 1,091,000 a year ago. Acquisition of property, plant and equipment was MYR 829,000 against MYR 51,000 a year ago.

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