Tuesday 29 November 2011

Tongher



Company Name
:
TONG HERR RESOURCES BERHAD  
Stock Name
:
TONGHER  
Date Announced
:
29/11/2011  
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:
Appendix 1 Q311.pdf
Appendix 2 Q311 Notes.pdf



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
148,375
96,201
457,274
218,642
2Profit/(loss) before tax
7,804
10,694
41,965
26,388
3Profit/(loss) for the period
6,074
9,548
38,856
22,851
4Profit/(loss) attributable to ordinary equity holders of the parent
4,060
8,371
28,538
18,472
5Basic earnings/(loss) per share (Subunit)
3.19
6.57
22.43
14.50
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
8.00
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 ($$)
2.4700
2.3100



9 months ending 30.9.11

Income statement

Revenue  457.274m
Gross Profit  59.329m
PBT  41.965m
PAT  38.856m

Total comprehensive income attributable to:
Owners of the Company  28.296m

EPS attributable to owners of the Company
Basic  22.43 sen
Diluted  N/A


Share of results of associates  (0.027m)
Finance costs  (0.978m)



Balance Sheet

NCA  199.827m
CA  377.181m
TOTAL ASSETS  577.008m

TOTAL EQUITY  396.567m
NCL  6.309
CL  174.132m
TOTAL LIABILITIES  180.441m
TOTAL EQUITY AND LIABILITIES  577.008m


Investment in associates 59.591m

Inventories 204.449m
Trade and other receivables  58.454m
Trade and other payables  15.002m

Cash and cash equivalents  111.168m
LT borrowings  0m
ST borrowings  156.815m

Equity attributable to owners of the company  314.023m


Net asset per share  RM 2.47


Dividend paid to owners of the company
30.9.2011  (7.639m)
30.9.2010  (6.370m)



Cash flow statement

Net cash from operating activities   29.129m
Net cash used in investing activities  (27.227m)
Net cash from financing activities  32.055m


Segment profits (loss)

Manufacture and sale of stainless steel fasteners  31.693m
Manufacture and sale of aluminium and its related products  9.951m
Unallocated non-operating segments  (0.064m)
Total 41.580m

Interest income 1.289m
Amortisation and depreciation  12.438m
Tax expense 3.109m




Prospects for the current financial year

Prospects for the global economy remain favorable in 2011 with continued improvements, especially in emerging and developing countries. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the Eurozone periphery are contributing to downside risks.

Meanwhile, in many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows.

In view of this, the Board will streamline the corporate strategy and continue its marketing and cost containment efforts in order to remain competitive. The Board also diversifies the business into various markets to manage the risks. Barring any unforeseen circumstances, the Group is optimistic to attain a satisfactory level of performance for the current financial year.


Shares
Weighted average number of shares in issue  127.253m
The company did not have any dilutive potential ordinary shares during the financial period.


Market Watch






Announcement
Date
Financial
Yr. End
QtrPeriod EndRevenue
RM '000
Profit/Lost
RM'000
EPSAmended
29-Nov-1131-Dec-11330-Sep-11148,3756,0743.19-
22-Aug-1131-Dec-11230-Jun-11165,58715,2239.00-
19-Aug-1131-Dec-11230-Jun-11165,58715,2239.00-
30-May-1131-Dec-11131-Mar-11143,31217,55910.23-





Share Price Performance
   High
Low
Prices 1 Month
2.200
  (08-Nov-11)
2.000
  (28-Nov-11)
Prices 3 Months2.200  (08-Nov-11)1.860  (05-Oct-11)
Prices 12 Months2.890  (04-Jan-11)1.860  (05-Oct-11)
Volume 12 Months9,697  (31-Dec-10)5  (03-Oct-11)


Stock Performance Chart for Tong Herr Resources Berhad

Shares Outstanding: 127,312,000
Closely Held Shares: 80,247,142

23.11.2011

Price RM 2.03
PE 6.50x
DY 3.94%
Market cap  258.7m








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