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Last 6.23 MYR
Change Today -0.06 / -0.95%
Volume 38.0K
As of 4:56 AM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

latitude tree holdings bhd (LATI) Snapshot

Open
6.25
Previous Close
6.29
Day High
6.25
Day Low
6.20
52 Week High
03/26/15 - 6.55
52 Week Low
04/23/14 - 2.59
Market Cap
605.6M
Average Volume 10 Days
61.2K
EPS TTM
0.67
Shares Outstanding
97.2M
EX-Date
12/29/14
P/E TM
9.2x
Dividend
0.09
Dividend Yield
1.36%
Current Stock Chart for LATITUDE TREE HOLDINGS BHD (LATI)

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latitude tree holdings bhd (LATI) Details

Latitude Tree Holdings Berhad, an investment holding company, manufactures and sells wooden household furniture and components. It offers bedroom collection sets, including beds, nightstands, chests, armoires, and wardrobes; dining collection sets comprising tables, chairs, buffets, hutches, curios, sideboards, and servers; and living room collection sets, such as sofas, sofa tables, occasional tables, coffee tables and cabinets, and small and home office sets. The company is also involved in the rental of property, plant, and equipment; and general trading activities. It operates in Malaysia, Vietnam, and Thailand; and exports its products primarily to the United States, Canada, Europe, South Africa, Australia, and the Middle East. The company was founded in 1988 and is based in Kapar, Malaysia.

Founded in 1988

latitude tree holdings bhd (LATI) Top Compensated Officers

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latitude tree holdings bhd (LATI) Key Developments

Latitude Tree Holdings Bhd Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014

Latitude Tree Holdings Bhd announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company's revenue was MYR 189.1 million compared with MYR 184.4 million a year ago. Operating profit was MYR 30.1 million compared with MYR 26.9 million a year ago. Profit before taxation was MYR 29.5 million compared with MYR 26.0 million a year ago. Profit attributable to owners of the parent was MYR 27.4 million or 28.19 sen per basic and diluted share compared with MYR 18.97 million or 19.52 sen per basic and diluted share a year ago. For the six months, the company's revenue was MYR 364.8 million compared with MYR 361.5 million a year ago. The slight increase was mainly due to strengthening of US Dollar against Ringgit Malaysia by 2.1%. However, the Group's revenue in the USD term decreased by 1.2% from USD 111.8 million for half year 2014 to USD 110.5 million for half year 2015 mainly due to lower orders received. Operating profit was MYR 49.3 million compared with MYR 48.7 million a year ago. Profit before taxation was MYR 47.9 million compared with MYR 46.8 million a year ago. The increase in PBT was mainly due to the higher unrealized forex gain arising from translation of monetary assets and liabilities denominated in foreign currencies at the reporting date and lower interest expenses. Profit attributable to owners of the parent was MYR 44.0 million or 45.31 sen per basic and diluted share compared with MYR 33.6 million or 34.54 sen per basic and diluted share a year ago. As on December 31, 2014, the company's net assets per share attributable to equity holders of the company was MYR 3.77. Net cash generated from operating activities was MYR 22.2 million compared with MYR 42.2 million a year ago. Purchase of property, plant and equipment was MYR 2.5 million compared with MYR 4.1 million a year ago.

Latitude Tree Holdings Bhd Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Latitude Tree Holdings Bhd announced unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported revenue of MYR 175,744,000 against MYR 177,068,000 a year ago. Operating profit was MYR 19,170,000 against MYR 21,727,000 a year ago. Profit before taxation was MYR 18,486,000 against MYR 20,746,000 a year ago. Profit for the period attributable to owners of the company was MYR 16,648,000 or 17.13 sen basic and diluted per share against MYR 14,604,000 or 15.02 sen basic and diluted per share a year ago. Net cash generated from operating activities was MYR 6,051,000 against MYR 20,310,000 a year ago. Purchase of property, plant and equipment was MYR 1,105,000 against MYR 1,210,000 a year ago. The substantial increase in PBT was mainly attributable to the followings:in line with the substantial increase in gross profit due to better gross profit margin; lower finance costs due to decrease in total bank borrowings; and increase in realised and unrealised foreign exchange gains. The slight decrease in revenue was mainly due to weakening of US Dollar against Ringgit Malaysia by 1.4%.

Latitude Tree Holdings Bhd to Propose Final Dividend for the Financial Year Ended 30 June 2014, Payable on January 29, 2015

Latitude Tree Holdings Bhd announced that it will propose final tax exempt dividend of 8.5 sen per share for the financial year ended 30 June 2014 at the AGM to be held on 10 December 2014. Ex-date is December 29, 2014 and payment date is January 29, 2015.

 

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Industry Average

Valuation LATI Industry Range
Price/Earnings 8.8x
Price/Sales 0.9x
Price/Book 1.6x
Price/Cash Flow 8.8x
TEV/Sales 0.5x
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