Saturday, 20 February 2010

Dutch Lady posts 4Q net profit of RM16.05m, warns of difficult year

Dutch Lady posts 4Q net profit of RM16.05m, warns of difficult year

Written by The Edge Financial Daily
Thursday, 18 February 2010 20:01
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KUALA LUMPUR: DUTCH LADY MILK INDUSTRIES BHD [] posted net profit of RM16.05 million in the fourth quarter ended Dec 31, 2009, up 16.6% from RM13.76 million a year ago as it benefited from favourable dairy raw material prices and effective marketing activities.

However, the company's board expects a difficult year ahead because of an anticipated increase in dairy raw material prices and increased competition.

It said today revenue rose 2.5% to RM169.52 million from RM165.34 million. Its pre-tax profit rose to RM22.99 million from RM19.24 million. Earnings per share were 25.08 sen versus 21.51 sen. It proposed a final dividend of 10 sen, less 25% income tax, and five sen, tax exempt amounting to a total net dividend of RM 8 million (12.5 sen net per share).

However, profit before taxation for 4Q was lower at RM23 million compared with RM26.9 million in 3Q2009, mainly due to higher advertising and promotions costs and lower selling prices.


Mr said...

Dear Mr bullbear,

Sorry to write to you here, but I don't know how to reach you. I know you are expert in analyzing stocks, so, I want to ask you if you can recommend say 5 stocks with High Dividend Yield that you can recommend to invest for long time.

I am a 43 year old family man with a full time job and no interest nor time to monitor the market. Maybe once or twice a month.

My goal is to just beat the fixed term deposit rate. Now is so low, only 2% to 2.5%. Very hard to earn passive income like this.

I need some real solid recommendation, stocks that I can hold for a long time. A friend swears by PBBANK. But I am concerned the price may be too high now.

I plan to start with RM50k first. Maybe split into 5 stocks with RM10k each.

What do you think of PBBANK? What is a good entry price? Can you recommend a few others that pay high dividend for me to consider? I appreciate the final decision is mine and mine alone, and I will not blame you for any losses. But please explain your reasons.

Thanks and kindest regards,
Mr Teoh

bullbear said...

Dear Mr. Teoh,

I have written 2 articles in reply to your post:

Dividend Yield Investing - Stock Selection is still the Key

*****Long term investing based on Buy and Hold works for Selected Stocks

You may realise that I am a student of investing too.