Financial
The Group achieved a Profit Before Tax of RM39.84 million on the
back of revenue of RM244.79 million.
With the completion of our acquisitions, relocation of our corporate office from Kuala Terengganu to Kemaman, integration, unity and commitment were issues that the Board and Management were fully aware and fully committed to addressing. A unified workforce is a key strategic asset and critical to us at EPIC Group. In terms of revenue, the RM244.79 million for the Financial Year 2008 is a 39% increase over the RM175.74 million achieved in Financial Year 2007. However, profit before tax decreased from RM47.63 million to RM39.84 million, together with a corresponding decrease in the profit after tax to RM25.90 million from RM34.97
The Group’s Oil & Gas Petrochemical sector is our largest revenue generator bringing in RM221.24 million and accounted for 90% of the Group’s total revenue. The national production, however declined due to shutdown of several facilities for major maintenance and repair work as well as project delay. There appears to be little, if at all, market recovery since. The Group’s Oil & Gas Petrochemical sector is taking advantage of the plant and mechanical shutdowns, which encourages maintenance and repair services.
Extracted from CEO’s Report, EPIC Annual Report 2008
FINANCIAL HIGHLIGHTS
With the completion of our acquisitions, relocation of our corporate office from Kuala Terengganu to Kemaman, integration, unity and commitment were issues that the Board and Management were fully aware and fully committed to addressing. A unified workforce is a key strategic asset and critical to us at EPIC Group. In terms of revenue, the RM244.79 million for the Financial Year 2008 is a 39% increase over the RM175.74 million achieved in Financial Year 2007. However, profit before tax decreased from RM47.63 million to RM39.84 million, together with a corresponding decrease in the profit after tax to RM25.90 million from RM34.97
The Group’s Oil & Gas Petrochemical sector is our largest revenue generator bringing in RM221.24 million and accounted for 90% of the Group’s total revenue. The national production, however declined due to shutdown of several facilities for major maintenance and repair work as well as project delay. There appears to be little, if at all, market recovery since. The Group’s Oil & Gas Petrochemical sector is taking advantage of the plant and mechanical shutdowns, which encourages maintenance and repair services.
Extracted from CEO’s Report, EPIC Annual Report 2008
FINANCIAL HIGHLIGHTS
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| Net tangible assets per share | Profit After Tax |
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