Pansar Berhad records best ever financial year

Pansar Berhad motto header

Key Highlights – Financial Year Ended 31 March 2011
Turnover: RM 354.9 Million, growth of 28.9% over 2010
Gross profit: RM 50.8 Million, growth of 40.9% over 2010
Net profit: RM19.1 Million, growth of 160% over 2010
Earning per share (EPS): 8.37 sen, growth of 113.5% over 2010
Dividend: 4% per ordinary share, less income tax at 25%

Sibu, Sarawak, 22 September 2011 – Pansar Berhad, the company formerly known as PWE Industries Berhad, declared a dividend of 4% less 25% income tax after posting healthy numbers for its financial year ended 31 March 2011 with turnover of RM 355 million, gross profit of RM 51 million, after tax profit of just under RM 20 million and earnings per share of 8.37 sen.

Citing it as the Company’s best year ever and auguring well when marking its fiftieth year, its Chairman Dato’s James Tai Cheong stated that “Seeing Further. Aiming Higher. Going Beyond.”, Pansar’s fifty years’ motto, alluded to how the Company approached its own operations. He reiterated that Pansar would for now focus on improving its competitivesness to put it in even better stead for the future.

Pansar’s Managing Director Tai Hee declared that the Company’s keenness to hone its competitiveness was reflected in its “5 point ‘0’” optimisation plan to enhance its visibility, value-added solutions, network productivity and relationship marketing and to make its people a brand differentiator. This, he stated, would result in a strengthened company with even greater long-term prospects.

Pansar Berhad (www.pansar.com.my) is a trading and engineering company with a strong fifty-year track record centred on established world-renowned brands and backed by people with strong values, diverse experience and proven expertise. This adds unmatched value to innovative solutions it designs, installs, commisions and maintains for airports, hospitals, industrial complexes, oil and gas companies, power utility companies, shopping malls, universities, large commercial and residential buildings, and others in Malaysia and beyond. It is listed under stock code “PANSAR” (8419) in the “Trading and Services” section on the Main Market of Bursa Malaysia.

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