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cme group bhd (7018) Details

CME Group Berhad, an investment holding company, manufactures and sells fire fighting equipment and fire engines in Malaysia. The company operates through Manufacturing, Trading, and Investment Holding segments. It designs, manufactures, and sells specialized mobility vehicles, fire fighting vehicles, fire engines, specialist vehicles, airport crash tenders, hazmat vehicles, aerial access ladder, cranes, riot control vehicles, fire fighting and rescue equipment, and fixed installations, as well as fuel transfer vehicles, including refuellers. The company is also involved in providing services for its products; supplying related spare parts; and trading pyroshield gas and accessories, such as fire fighting gas systems and other safety related products, as well as property rental activities. CME Group Berhad is based in Subang Jaya, Malaysia.

cme group bhd (7018) Top Compensated Officers

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cme group bhd (7018) Key Developments

CME Group Berhad Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

CME Group Berhad reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of MYR 2,329,000 against MYR 9,036,000 a year ago. Profit before tax was MYR 3,068,000 against MYR 300,000 a year ago. Profit for the period was MYR 3,064,000 against MYR 188,000 a year ago. Profit for the period attributable to equity holders of the parent was MYR 3,064,000 or MYR 0.406 sen per diluted share against MYR 148,000 or MYR 0.035 sen per basic share a year ago. The group's revenue for the quarter decreased mainly due to the decline in revenue from Property Investment ("PI") division and the timing of recognition of completed projects from the Specialised Mobility Vehicle ("SMV") division. The group recorded increase in profit before taxation, mainly due to the gain resulted from revaluation of investment properties. For the year, the company reported revenue of MYR 21,850,000 against MYR 30,040,000 a year ago. Profit before tax was MYR 3,355,000 against MYR 921,000 a year ago. Profit for the period was MYR 3,320,000 against MYR 634,000 a year ago. Profit for the period attributable to equity holders of the parent was MYR 3,320,000 or MYR 0.440 sen per diluted share against MYR 593,000 a year ago. Net cash from operating activities was MYR 2,626,000 against net cash used in operating activities of MYR 44,000 a year ago. Purchase of property, plant and equipment was MYR 449,000 against MYR 21,000 a year ago. The lower revenue was mainly due to lower rental income derived from PI division as ceased renting and subletting the 23-storey office building block known as Plaza Palas since end of April 2014.

CME Group Bhd Enters Joint Venture with Tanah Mestika Sdn Bhd

CME Group Bhd (CME) announced that CME had on 10 February 2015 entered into Joint Venture Agreement with Tanah Mestika Sdn Bhd (TMSB) (jointly referred to as the JV Parties) for a mixed development on a piece of leasehold land measuring approximately 5,936 square metre (sq. m.) located at Lot 35895, Bandar Indera Mahkota, Mukim Kuala Kuantan, Daerah Kuantan, Negeri Pahang Darul Makmur (the Land) (the Project). The agreement was entered into a joint-venture basis between CME as the Landowner and TMSB as the Developer subject to and upon the terms and conditions of the agreement.

CME Group Bhd Announces Resignation of Chin Fook Kheong as Executive Director

CME Group Bhd announced resignation of Chin Fook Kheong as Executive Director of the company, effective January 19, 2015, due to other work commitments.

 

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