Lower Q3 profit for George Kent, dividend 1.5c - Business News - News Summed Up

Lower Q3 profit for George Kent, dividend 1.5c - Business News


Earnings per share were 3.7 sen compared with 5.1 sen a year ago.It said the engineering revenue fell 21% to RM65.13mil from RM82.14m a year ago. Profit from the segment fell 23% to RM24.83mil from RM32.15mil. Its core businesses arec entredinthewaterindustryandengineeringworks.For the nine months, it reported a decline in net profit, down 8.1% to RM66.67mil from RM72.55mil in the previous corresponding period. The group recently won the Public Utilities Board of Singapore’s (PUB) tender to deliver 110,000 meters over six months beginning February 2019. This was the fourth consecutive win by George Kent to supply water meters to PUB since 2012.Geroge Kent continues to export its meters to over 40 countries around the world.


Source: The Star December 19, 2018 07:41 UTC



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