January 18, 2017 6:27 AM ET

Machinery

Company Overview of George Kent (Malaysia) Berhad

Company Overview

George Kent (Malaysia) Berhad, an engineering company, engages in the manufacture, trading and investment, and development of water infrastructure projects, and the provision of construction services in Malaysia. The company manufactures and markets water meters, waterworks fittings, and various hot-stamped brass products and components; and markets industrial measurement and automatic control products, compressed air pumping and heating equipment, valves, and pipes and pipeline fittings. It also engages in the design, supply, installation, commissioning, and maintenance of instrumentation, process control systems, and Scada systems for industry, as well as building automation and building s...

George Kent Technology Centre

1115 Jalan Puchong

Taman Meranti Jaya

Puchong,  47120

Malaysia

Founded in 1936

Phone:

60 3 8064 8000

Fax:

60 3 8061 3295

Key Executives for George Kent (Malaysia) Berhad

Senior General Manager of Finance & Control, Non-Independent Executive Director and Member of Risk Management Committee
Age: 55
Total Annual Compensation: 834.0K
Compensation as of Fiscal Year 2016.

George Kent (Malaysia) Berhad Key Developments

George Kent (Malaysia) Bhd Bags MYR 364.9 Million Endocrine Hospital Contract

George Kent (Malaysia) Bhd has secured a MYR 364.9 million contract from the government to design and build a 220-bed endocrine hospital in Precinct 7, Putrajaya. The company said it has accepted the letter of award dated December 15 from Jabatan Kerja Raya Malaysia following its tender for the project. The hospital is to be constructed at Lot 842, Lot 3, Precinct 7 on two areas measuring approximately 4,100 sq m and 6,140 sq m beside the existing Hospital Putrajaya. The scope of works includes the design and construction of a 220-bed hospital extension complex with a link bridge to existing main building block of Hospital Putrajaya and a multi-storey vehicle parking. The contract will take 36 months and is scheduled to be completed by January 2020. The contract is expected to contribute positively to the group's future earnings over the duration of the contract.

George Kent (Malaysia) Berhad Declares Second Interim Dividend Payable on January 13, 2017

The Directors of George Kent (Malaysia) Berhad have declared a second interim dividend of 2.0 sen per share against 1.5 sen per share in 2016 on the enlarged share capital of 375.51 million shares (FY2016: share capital of 300.41 million shares). In ringgit term, this amounts to MYR 7.51 million against MYR 4.51 million in 2016, an increase of 66% compared to the previous corresponding quarter. The dividend will be paid on 13 January 2017 to shareholders whose names appear in the Record of Depositors on 21 December 2016.

George Kent (Malaysia) Berhad Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2016

George Kent (Malaysia) Berhad reported unaudited consolidated earnings results for the third quarter and nine months ended October 31, 2016. The Group's current quarter profit before tax of MYR 29.56 million against MYR 16.71 million in 31 October 2015, was 77% higher. The higher profit before tax reported was in line with the higher revenue and profits contributed by both the Engineering and the Metering divisions. Revenues were MYR 122.092 million against MYR 96.936 million a year ago. Profit for the period, net of tax, attributable to the owners of the company was MYR 23.742 million or 6.3 sen basic and diluted per share against MYR 12.072 million or 3.2 sen basic and diluted per share a year ago. The Group's profit before tax for the period ended 31 October 2016 of MYR 76.22 million against MYR 42.91 million in 31 October 2015, was 78% higher. The higher profit before tax reported was in line with the higher revenue and profits contributed by both the Engineering and Metering divisions. Revenues were MYR 409.824 million against MYR 270.623 million a year ago. Profit for the period, net of tax, attributable to the owners of the company was MYR 59.262 million or 15.8 sen basic and diluted per share against MYR 30.414 million or 8.1 sen basic and diluted per share a year ago. Net cash generated from operating activities was MYR 10.563 million against MYR 65.722 million a year ago. Purchase of property, plant and equipment was MYR 5.085 million against MYR 1.997 million a year ago. Acquisition of other intangible assets was MYR 1.775 million against MYR 0.880 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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