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kian joo can factory bhd (3522) Details

Kian Joo Can Factory Berhad, an investment holding company, manufactures and distributes tin cans in Malaysia, Vietnam, and internationally. It operates in four segments: Cans Division, Cartons Division, Contract Packing Division, and Trading Division. The company offers 2-piece aluminum cans, 2-piece DWI steel cans, 3-piece beverage cans, dry food cans, confectionery cans, paint cans, edible oil cans, processed food cans, motor oil cans, corrugated carton boxes, battery jackets, aerosol cans, chemical cans, culinary/margarine cans, sweetened condensed milk cans, ink cans, pineapple cans, 2-piece processed food cans, and mooncake cans; and can ends, such as full aperture, peel off, and easy-opening can ends. It is also involved in the provision of OEM/contract packing services for milk powders and beverages; and letting out of factory buildings. The company was founded in 1956 and is based in Batu Caves, Malaysia.

Founded in 1956

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kian joo can factory bhd (3522) Key Developments

Kian Joo Can Factory Berhad Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

Kian Joo Can Factory Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. For the quarter, the company reported revenue of MYR 428,071,000 against MYR 345,930,000 a year ago. Profit before taxation was MYR 18,924,000 against MYR 36,033,000 a year ago. Profit attributable to owners of the company was MYR 11,868,000 or 2.67 sen basic per share against MYR 28,308,000 or 6.37 sen basic per share a year ago. Net cash generated from operating activities was MYR 41,870,000 against MYR 31,918,000 a year ago. Acquisition of property, plant and equipment was MYR 90,328,000 against MYR 36,401,000 a year ago. The lower profit before taxation was mainly due to foreign currency exchange loss.

Kian Joo Can Factory Bhd Announces First and Final Single Tier Tax Exempt Dividend, Payable on June 30, 2016

The Board of Directors of Kian Joo Can Factory Berhad announced a first and final single tier tax exempt dividend of 2.0 sen per share for the financial year ended December 31, 2015. The dividend is payable on June 30, 2016. The EX date and entitlement date is June 16, 2016 and June 20, 2016 respectively.

Kian Joo Can Factory Bhd, Annual General Meeting, Apr 20, 2016

Kian Joo Can Factory Bhd, Annual General Meeting, Apr 20, 2016, at 10:00 Singapore Standard Time. Location: Ballrooms 1 & 2, Main Wing, Tropicana Golf & Country Resort Club, Jalan Kelab Tropicana, 47410 Petaling Jaya Selangor Malaysia Agenda: To receive the audited financial statements of the group and of the company for the financial year ended 31 December 2015 and the reports of the directors and auditors thereon; to declare a first and final single-tier tax-exempt dividend for the financial year ended 31 December 2015; to approve the payment of directors' fees for the financial year ended 31 December 2015; to consider the re-election of directors; to appoint Messrs BDO, Chartered Accountants as auditors of the company and to authorize the directors to determine their remuneration; to consider the renewal of authority for the company to purchase its own shares; to consider the renewal of shareholders' mandate for the company and its subsidiaries to enter into recurrent related party transactions of revenue or trading nature; and to transact any other business of which due notice shall have been given in accordance with the company's Articles of Association and/or the Companies Act, 1965.


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