Sunday, 27 November 2011

Coastal Contracts Berhad



Company Name
:
COASTAL CONTRACTS BHD  
Stock Name
:
COASTAL  
Date Announced
:
24/11/2011  
Financial Year End
:
31/12/2011
Quarter
:
3
Quarterly report for the financial period ended
:
30/09/2011
The figures
:
have not been audited

Converted attachment :



Please attach the full Quarterly Report here:
Coastal 3rd Quarter 2011.pdf


Remark:



Currency
:
Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30/09/2011


       
INDIVIDUAL PERIOD
CUMULATIVE PERIOD
       
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
       
30/09/2011
30/09/2010
30/09/2011
30/09/2010
       
$$'000
$$'000
$$'000
$$'000
1Revenue
110,211
192,091
499,890
471,852
2Profit/(loss) before tax
36,560
53,601
139,508
145,205
3Profit/(loss) for the period
36,657
53,634
139,360
145,215
4Profit/(loss) attributable to ordinary equity holders of the parent
36,657
53,634
139,360
145,215
5Basic earnings/(loss) per share (Subunit)
7.59
11.10
28.84
30.05
6Proposed/Declared dividend per share (Subunit)
4.20
0.00
9.70
5.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
1.4917
1.6627

Remarks :
Basic earnings per share for individual quarter for preceding year corresponding quarter of 11.10 sen and cumulative quarter for preceding year corresponding period of 30.05 sen have been restated for the effects of 1:3 bonus issue on 18 July 2011.


9 Months ended 30.09.2011

Income Statement

Revenue 499.890m
Gross profit 139.847m
PBT 139.508m
PAT 139.360M


EPS
Basic 28.84 sen
Diluted N/A

Finance costs (0.484m)
Income Tax expense (0.148m)


Bonus issue:
1:3 bonus issue on 18 July 2011.


Balance Sheet

ASSETS
NCL 100.970m
CA 1,015.196m
TOTAL ASSETS 1,116.166m

EQUITY AND LIABILITIES
Total equity 720.911m
NCL  17.138m
CL 378.117m
TOTAL LIABILITIES  395.255m
TOTAL EQUITY AND LIABILITIES 1,116.166m


Net assets per share RM 1.4917 


Inventories 743.153m
Trade receivables 15.712m
Other receivables 59.045m
Trade payables 4.207m
Other payables 369.819m

Cash and bank balances 196.749m
LT Borrowings 12.251m
ST Borrowings 4.070m


Dividends
30.9.2011 (20.296M)
30.9.2010 ( 99.424M)


Cash flow statement

Net cash generated from operating activities  103.427m
Net cash generated from investing activities  13.208m
Net cash used in financing activities (74.919m)


Weighted average number of ordinary shares in issue 483.266m.

For diluted earnings per share calculations, the weighted average number of ordinary shares in issue is adjusted to assume that the maximum number of new ordinary shares have been issued pursuant to the share options granted under the warrants ("Warrants").  The dilutive portion of the ordinary shares deemed issued pursuant to the /Warrants are accounted for in the diluted earnings per share calculation.  The Warrant has a dilutive effect only when the average price of ordinary shares of the Company during the period exceeds the exercise price of the options granted.  As the average market price of ordinary shares during the period (RM 2.78) is lower than the exercise price of the options (RM 3.18), the options were not assumed to be exercised because they were anti-dilutive in the period.


Market Watch




Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
24-Nov-1131-Dec-11330-Sep-11110,21136,6577.59-
23-Aug-1131-Dec-11230-Jun-11233,84946,6119.651#
-
27-May-1131-Dec-11131-Mar-11155,83056,09211.614#-
23-Feb-1131-Dec-10431-Dec-10203,40355,66311.525#-

# Adjusted Bonus issue:  1:3 bonus issue on 18 July 2011.
ttm-EPS  40.38 sen
Price RM 1.85
Trailing PE  4.6x





Share Price Performance
   High
Low
Prices 1 Month
2.040
  (15-Nov-11)
1.770
  (10-Nov-11)
Prices 3 Months2.130  (07-Sep-11)1.620  (26-Sep-11)
Prices 12 Months3.820  (25-Apr-11)1.620  (26-Sep-11)
Volume 12 Months65,994  (05-Apr-11)330  (01-Dec-10)

Stock Performance Chart for Coastal Contracts Bhd


23.11.2011

Price RM 1.950
PE 4.14x
DY 3.21%
Market Capitalisation 942.4m
ROE 27%

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