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Last 1.02 MYR
Change Today -0.04 / -3.77%
Volume 3.6M
MIEC On Other Exchanges
Kuala Lumpur
As of 4:59 AM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

mieco chipboard berhad (MIEC) Snapshot

Previous Close
Day High
Day Low
52 Week High
07/27/15 - 1.22
52 Week Low
12/16/14 - 0.36
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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mieco chipboard berhad (MIEC) Details

Mieco Chipboard Berhad, an investment holding company, engages in the manufacture, marketing, and sale of chipboards and related products primarily in Malaysia. The company offers plain boards, which are used as a material for home and office furniture, wall panels, worktops, and hifi-speaker boxes; decorative melamine faced chipboards that are used for interior decoration applications for the home, kitchen, and office furniture; and decorative electron beam foil chipboard for offices, kitchen cabinets, and home furniture. It also provides decorative polymer faced chipboards used for home and office furniture applications; worktops for use by home-builders and interior architectural designers; direct post formed boards for office furniture tops and drawer fronts, kitchen cabinet doors, and shelving panels; DIY furniture series under the MIECO Livin Style brand name; and decorative high pressure laminate chipboards under the Duropal brand name. It exports its products to approximately 20 countries, including China, Taiwan, Japan, Korea, Hong Kong, South East Asia, the Indian subcontinents, the Middle East, Africa, and the Australasian countries. The company was incorporated in 1972 and is based in Kuala Lumpur, Malaysia.

Founded in 1972

mieco chipboard berhad (MIEC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

mieco chipboard berhad (MIEC) Key Developments

Mieco Chipboard Bhd, Annual General Meeting, Jun 25, 2015

Mieco Chipboard Bhd, Annual General Meeting, Jun 25, 2015., at 10:00 Singapore Standard Time. Location: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2014 and the Reports of the Directors and auditors thereon; to approve the payment of directors' fees of MYR 108,000.00 for the financial year ended 31 December 2014; to re-elect Mr. Low Kim Seng who retires pursuant to Article 81 of the company's Articles of Association; to re-appoint Dato' Seri Mohamed Daud Bin Abu Bakar, retiring pursuant to Section 129 of the Companies Act 1965; to appoint Messrs Deloitte as Auditors of the company in place of the retiring Auditors, Messrs PricewaterhouseCoopers for the financial year ending 31 December 2015 and to authorise the Directors to fix their remuneration; and to retain Lt. Gen. (R) Dato' Seri Mohamed Daud Bin Abu Bakar, Dato' Dr. Amarjit Singh A/L Santokh Singh and Dato' Dr Amarjit Singh A/L Santokh Singh as Independent Non-Executive Directors.

Mieco Chipboard Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mieco Chipboard Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of MYR 80,276,000 compared to MYR 75,552,000 a year ago. Profit from operations was MYR 5,153,000 compared to loss from operations of MYR 623,000 a year ago. Profit before taxation was MYR 3,240,000 compared to loss of MYR 2,904,000 a year ago. Net profit attributable to owners of the company was MYR 3,222,000 or 1.53 sen per basic share compared to net loss of MYR 3,174,000 or 1.51 sen per basic share a year ago. Net assets per share attributable to equity holders of the company was MYR 1.32 compared to MYR 1.30 a year ago. Net cash flows from operating activities was MYR 6,787,000 compared with MYR 1,481,000 a year ago. Purchases of property, plant and equipment was MYR 364,000 compared to MYR 179,000 a year ago. Group revenue was up 6% quarter on quarter on the back of sustained domestic demand with increased selling prices and more delivery of higher margin products. The improved performance is attributable to higher selling prices and lower raw material costs. Profit before tax for the Group reduced 5 mainly due to the gain on sale of land and buildings in Semambu in the preceding quarter.

Mieco Chipboard Bhd Auditor Raises 'Going Concern' Doubt

Mieco Chipboard Bhd filed its Annual on Apr 29, 2015 for the period ending Dec 31, 2014. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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