KUALA LUMPUR (Oct 29): Furniture maker Homeritz Corp Bhd registered net profit growth of 27.91% to RM6.64 million for its fourth quarter ended Aug 31, 2015 (4QFY15) from RM5.19 million a year ago, on higher sales and the strengthening of US dollar.

Earnings per share thus improved to 2.21 sen from 1.73 sen. The group proposed a final dividend of 2.5 sen per share, bringing total dividend to four sen per share for FY15.

Meanwhile revenue rose by 14.7% to RM38.11 million, from RM33.24 million a year ago.

For its full financial year (FY15), Homeritz posted a net profit of RM23.55 million, an increase of 16.32% from RM20.25 million in FY14, while revenue rose by 15.13% to RM146.42 million from RM127.18 million last year.

Despite an improved financial performance, the group noted that it is operating under conditions like global economic uncertainties, increases in its raw materials costs, and fluctuation in foreign exchange rates.

Therefore, Homeritz said it is continuing with its efforts to develop new products and new design for existing products, and to derive better cost efficiencies and effective cost management across all functions.

On its prospects in FY16, the group merely said it would remain profitable, barring unforeseen circumstances.

Homeritz fell one sen or 0.88% to close at RM1.13 today, giving it a market capitalisation of RM342 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)