Cahya Mata Sarawak year-on-year pre-tax profit up 16 per cent to RM341 million

Cahya Mata Sarawak Bhd (CMS), the Sarawak’s leading infrastructure facilitator, has delivered a strong performance for the financial year ended December 31, 2014 (FY14).

The Group reported a total revenue of RM1.67 billion for FY2014, an 18 per cent increase from the corresponding year’s (FY2013) revenue of RM1.42 billion. The pre-tax profit (PBT) recorded for FY2014 was RM341.45 million, a 16% increase compared with FY2013’s PBT of RM294.89 million.

The PBT reported for the fourth quarter ended 31 December 2014 (4Q14) also remained strong at RM72.43 million.

Dato Richard Curtis

Commenting on the results, Datuk Richard Curtis, Group Managing Director said, “CMS’s success in recording five years of record revenue and profits growth in a challenging business environment is attributable to our prudent business model, professional management and focus on delivering long-term sustainable growth.

“Significant achievements have been recorded; namely by the Cement, Construction Materials & Trading, Construction & Road Maintenance and Property Development Divisions.

“With strong financial performance recorded in 2014, we hope to carry forward this momentum as we move into a new era of transformational growth.”

Year-on-year, the Group’s profit after tax and non-controlling interests (PATNCI) of RM221.34 million for FY2014 is 26 per cent higher than the RM175.07 million reported for FY2013. Earnings per share stood at 21.42 sen versus 17.52 sen adjusted for share split & bonus issue in June 2014) from last year.

The main contributors towards the strong PBT earnings for FY2014 were the Cement, Construction & Road Maintenance and Construction Materials & Trading Divisions. The Cement Division recorded a PBT of RM120.48 million in FY2014, a 25 per cent increase in comparison to FY13’s PBT of RM96.66 million.

Dato Sri Mahmud

The Construction Materials & Trading Division reported a PBT of RM76.48 million for FY14, exceeding FY13’s PBT of RM55.08 million by 39 per cent. The Construction & Road Maintenance and Property Development Divisions also reported strong revenue and PBT earnings to contribute towards the Group’s results for FY14.

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