SIBU: Pansar Berhad yesterday announced a 2.0 percent dividend of 1 sen per ordinary share for its financial year ending 31 March, 2017 at its Annual General meeting (AGM) here.
The company reported a challenging fiscal year in all markets it operated in, with a total turnover of RM358.9 million, nett profit of RM 4.9 million and earnings per share of 1.74 sen. (Financial year ended 31 March, 2016: total turnover RM360.4 million, nett income RM7.9 million, earnings per share 2.81 sen).
“Though revenue was marginally lower in the financial year which ended on 31 March, 2017 as opposed to the financial year which ended on 31 March, 2016, gross profit was higher, despite the significant weakening of the ringgit during the said period.
“This is largely attributed to an effective hedging regime, better product mix, and more efficient logistics procedures,” remarked Pansar Berhad’s chairman, Dato’ James Tai.
He further elaborated: “Among the five business divisions, building products remained the top revenue generator while marine and industrial remained the most profitable.
“The group is continuously leveraging on the individual strengths of all its business divisions and the collective dynamism of the group, to scout, identify and capitalise on areas where business can be expanded.”
On strategies to move forward, Tai highlighted: “Overall, we will be doubling our marketing efforts, realigning more staff to carry out sales, exercising better control over credit and inventory, and will further undertake measures to reduce delivery times, improve logistic channels and minimise transaction overheads.
“At the same time, new distributorships for complementary product line, new business applications with existing product lines, broadening of product distribution into new territories, emphasis on quality differentiation and packaging engineering solutions are but a number of avenues the group is continously pursuing,” emphasised Tai.
Pansar Berhad (www.Pansar.com.my) is a business to business engineered solutions provider with a strong respected track record of over 50 years.
Pansar Berhad is listed under the stock code ‘PANSAR’ (8419) in the ‘trading and services’ section on the Main Market of Bursa Malaysia.
