KUALA LUMPUR (Aug 18): Y.S.P Southeast Asia Holding Bhd's (YSPAH) net profit posted a three and a half times jump to RM3.42 million or 2.57 a share for the second quarter ended June 30, 2015 (2QFY15) from RM964,000 or 0.72 sen a share a year ago, due to higher revenue and lower cost margin for product mix sold.
Its revenue for the period climbed 9.8% to RM50.63 million from RM46.11 million in 2QFY14.
For the six months period (6MFY15), its net profit almost doubled to RM12.77 million or 9.59 sen a share from RM6.42 million or 4.82 sen a share in 6MFY14.
Revenue came in 12.7% higher at RM109.94 million compared with RM97.54 million in 6MFY14.
In a filing with Bursa Malaysia today, YSPAH noted that its strong performance for 6MFY15 was a result of improved operational efficiency, increased product range through successful product registration, as well as enhanced competitiveness through strategic investments and expansion.
Moving forward, the group remains positive on the prospects for domestic and overseas manufacturing plant, consumer healthcare products and traditional complementary medicine, but is cautious on the external factors.
“Efforts in introducing more new range of products will be stepped up to broaden our market base. However, uncertainties in the global economic outlook and the weakening of the ringgit are some of the factors beyond our control that may impact our business in 2015,” the group said.
YSPAH (fundamental: 2.5; valuation: 2) shares closed 7 sen or 3.1% higher at RM2.33 today, with 111,000 shares traded. The group has a market capitalisation of RM303.95 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.)