With 100% effort and 200% support from the Board and Warga EPIC, we survived the stormy weather of the gloomy economic climate, and emerged optimistic about our future.
While the economic adversity was burdensome, our encouraging and very satisfactory performance continued to register the highest profit for EPIC Group. Despite the decrease in revenue, the reduction in operating cost following the cost optimization and productivity enhancement campaigns implemented by the Group, served to benefit the Group. Our efforts lifted the Group profit before tax (PBT) to RM54.46 million and profit after tax (PAT) to RM48.94 million, up 37% and 89% respectively from the previous year. Group earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29% to RM60.14 million from RM46.58 million a year earlier.
The aim was to survive the economic turbulence without detriment to our shareholders and Warga EPIC. Our earnings per share (EPS) attributable to shareholders increased to 24.89 sen from 13.12 sen in 2008. Meanwhile our net assets per share improved to RM1.89 from RM1.74. The completion of RM40 million upgrading of the Liquid Chemical Berth (LCB) and four new warehouses generated additional revenue in 2009 and contribution was expected to improve in 2010. We paid the highest dividend of RM14.38 million in year 2009 to the shareholders and we continue to reward Warga EPIC.
Extracted from CEO’s Report, EPIC Annual Report 2009
2009 FINANCIAL
HIGHLIGHTS
| Revenue | Profit Before Tax |
|---|---|
 |
 |
| Net tangible assets per share | Profit After Tax |
 |
 |
| Dividend per share | |
 |
|
Year ended 31st December
| 2005 | 2006 | 2007 | 2008 | 2009 | |
|---|---|---|---|---|---|
| Including special dividend 10% | |||||
| RM'000 | RM'000 | RM'000 | RM'000 | RM'000 | |
| Revenue | 84,277 | 112,257 | 175,741 | 244,791 | 183,946 |
| Profit before tax | 12,981 | 18,480 | 47,627 | 39,836 | 54,459 |
| Profit after tax | 2,500 | 8,719 | 34,968 | 25,904 | 48,938 |
| Earning per share (sen) | 1.38 | 4.70 | 18.33 | 13.12 | 24.89 |
| Net tangible assets per share (RM) | 1.47 | 1.49 | 1.66 | 1.74 | 1.89 |
| Dividend per share (%) | 17* | 6 | 7 | 7.5 | 8.5 |
For the latest financial result, please refer our Bursa Malaysia announcements.
