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Leon Fuat Berhad Posts 35.8% Increase in Q2 Revenue to RM250.93 Million

indie
3 minutes

SHAH ALAM, Malaysia, Aug 29, 2022 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad, a manufacturer and trader of steel products specialising in rolled long and flat steel, today reported a 35.8% increase in revenue to RM250.93 million for the second quarter ended 30 June 2022 (Q2FY2022) compared with RM184.78 million recorded in the corresponding quarter of the preceding financial year (Q2FY2021).Calvin Ooi Shang How, Executive Director of Leon FuatThe Group recorded profit before tax (PBT) of RM18.04 million for Q2FY2022, a 57.6% decrease from RM42.57 million registered in Q2FY2021 while recording profit after tax (PAT) of RM14.02 million, which is a 56.3% decrease from RM32.12 million reported in the corresponding quarter of the preceding financial year.For the quarter under review, the trading segment contributed 38.4% to revenue while the processing segment contributed 61.5%.For the six months ended 30 June 2022 (1H 2022), Leon Fuat registered a 32.2% increase in revenue to RM523.95 million compared with RM396.26 million recorded in the six months ended 30 June 2021 (1H 2021). For the period under review, the Company reported PBT of RM49.85 million, a 41.4% decrease from R...

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Leon Fuat Berhad Shareholders Vote to Pass All Resolutions at AGM

pandora
2 minutes

Shareholders also approved a final single-tier dividend of 2.0 sen per share for FY2021 SHAH ALAM, Malaysia, June 28, 2022 – (ACN Newswire) – Leon Fuat Berhad, a manufacturer and trader of steel products, specialising in rolled long and flat steel products, is pleased to announce that shareholders have passed all resolutions at the Group’s 15th AGM held today. Mr. Calvin Ooi Shang How, Executive Director of Leon Fuat Shareholders passed a resolution approving a final single tier dividend of 2.0 sen per share for the financial year ended 31 December 2021 (FY2021). Shareholders also voted to re-elect Dato’ Sri Ooi Bin Keong, Mr. Tan Did Heng, Mr. Tan Sack Sen and Dato Lim Cheng Poh as directors as well as to retain Mr. Chan Kee Loin as an independent director. Also retained as independent directors were Did Heng and Sack Sen. Among the other resolutions up for voting, shareholders reappointed Baker Tilly Monteiro Heng PLT as the Group’s auditors and authorised the directors to fix the remuneration of the auditors. Mr. Calvin Ooi Shang How, Executive Director of Leon Fuat said, “We are happy to meet our shareholders again in a physical setting for the 15th AGM after having held the pr...

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Leon Fuat Berhad Posts 470% Rise in Quarterly PAT

indie
3 minutes

SHAH ALAM, Malaysia, Nov 29, 2021 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad (Leon Fuat), a manufacturer and trader of steel products, specialising in rolled long and flat products, is pleased to announce today that the Group recorded a 470.4% gain in profit after tax (PAT) to RM38.66 million for the third quarter ended 30 September 2021 (Q3FY2021) compared with RM6.78 million in the corresponding quarter of the preceding year (Q3FY2020).Calvin Ooi Shang How, Executive Director of Leon FuatFor the quarter under review, the Company registered a 44.1% increase in revenue to RM236.11 million compared with RM163.82 million in Q3FY2020 while profit before tax (PBT) recorded a 447.0% gain to RM49.14 million compared with RM8.98 million in Q3FY2020.On a segmental basis, revenue from trading of steel products increased by 65.7% to RM94.81 million while revenue from the processing of steel products increased by 32.6% to RM141.22 million. The trading segment's contribution to revenue stood at 40.2% in Q3FY2021 compared with 34.9% in Q3FY2020 while the processing segment's contribution to revenue stood at 59.8% compared with 65.0% in Q3FY2020.For the nine months ended 30 September ...

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Leon Fuat Berhad Shareholders Pass Resolution to Acquire Factory for Rm28.0 Million

indie
2 minutes

SHAH ALAM, Malaysia, Jun 18, 2021 - (ACN Newswire via SEAPRWire.com) - Leon Fuat Berhad ("Leon Fuat"), a manufacturer and trader of steel products, specialising in rolled long and flat products, is pleased to announce today that all the resolutions of the Group's 14th AGM and EGM for the financial year ended 31 December 2021 has been passed by shareholders at a virtual meeting.Leon Fuat Executive Director, Mr. Calvin OoiShareholders passed a resolution for Supreme Steelmakers Sdn Bhd, a wholly-owned subsidiary of the Group, to acquire a factory, warehouse and office on a parcel of freehold land in Kajang, Selangor for RM28.0 million from Leon Fuat Holdings Sdn Bhd, a privately-held company in which several directors and major shareholders have interests in.Other resolutions passed included the re-elections of Mr. Ng Kok Teong and Mr. Ooi Shang How, who were both due for retirement, as executive directors of the Group's board of directors. Shareholders also re-elected as well as retained Mr. Chan Kee Loin as an independent director while Dato Ng Ah Hock @ Ng Soon Por, Mr. Tan Did Heng and Mr. Tan Sack Sen were also retained as independent directors of the board.Among the other resol...

ACN Newswire

China Leon Announces 2020 Annual Results, Net Profit Surge for Approx. 160%

indie
6 minutes

HONG KONG, Apr 1, 2021 - (ACN Newswire via SEAPRWire.com) - China Leon Inspection Holding Limited ("China Leon" or "the Company"; Stock Code: 1586.HK) today announced its audited 2020 annual results for the year ended 31 December of 2020 ("Reporting Period"). Revenue during the review period was approximately RMB 574.0 million, an increase of 44.8% from approximately RMB 396.5 million in 2019. Profit for the year was approximately RMB 74.9 million, an increase of 160.3% from approximately RMB 28.8 million in 2019. Basic earnings per share was approximately RMB12.59 cents (2019: RMB6.04 cents). The board of directors recommended a final dividend of RMB 0.0375 per share.The sound performance during the reporting period was mainly due to benefited from the support by China's national macro policies and the improving market demand amid the global public health event as well as the complex and volatile macroeconomic environment in 2020 and the management of the group focused on high-quality development, carried out the concept of platform construction throughout the work, accurately grasped the market trends in each segment, deployed strategic advantages in areas, and continued to impro...

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Motul and Honda Racing Corporation Aim for the Top in World Super Bike Partnership

pandora
4 minutes

Singapore, Mar 31, 2021 - (ACN Newswire) - One of Motul's longest-standing and most valued OEM partners is Honda, and the two companies have developed and enjoyed over many decades a dedicated technical collaboration and proud support of Honda's HRC factory racing teams in many different motorsport arenas. At the start of 2020 Honda returned to the Motul FIM World Superbike Championship (WorldSBK) as a full factory squad. Team HRC Riders Alvaro Bautista (L) and Leon Haslam (R) & Team HRC Manager Leon Camier (C) Team HRC Rider Alvaro Bautista #19 Team HRC Rider Leon Haslam #91 Team HRC Alvaro Bautista #19 Pre-Season Test Team HRC Leon Haslam #91 Pre-Season TestNow, for the 2021 season, Team HRC and its two riders, Alvaro Bautista and Leon Haslam, will benefit further from Motul's support as Official Lubricant Partner. Having made great steps forward with every race in 2020, there is only one aim for this season: the top!A partnership with strength in depthThe trust and deeply cooperative working relationship that has developed over the years has seen Motul contribute to the performance, reliability and efficiency of HRC's competition models over all terrains including circuits, ...