Kuala Lumpur, 23 February 2012
Deleum Berhad (“Deleum” or the “Group”), a provider of diverse range of supporting specialised products and services to the oil and gas industry, delivers strong set of results for the year ended 31 December 2011 (FY2011), which posted a 22 per cent increase in Group pre-tax profit, from RM37.60 million to RM45.71 million, despite a slight decline in Group revenue from RM399.05 million (in FY2010) to RM396.30 million.
For the 4th quarter results, Group pre-tax profit was also higher by a similar 22 per cent, surged to RM12.49 million comparing to the corresponding quarter of RM10.20 million. The increase was mainly attributable to higher contribution from Power and Machinery segment and higher share of associates’ results.
Deleum Group Managing Director, Encik Nan Yusri, said, “We are pleased to achieve a commendable Group pre-tax profit of RM45.71 million as compared to RM37.60 million in the preceding year. The FY2011 results gives a strong testament that the Group sets firmly on its growth trajectory and strategy. This result demonstrates the resilience and long term sustainability of our business while this oil & gas industry has always been exciting and volatile. We are truly heartened to see our hardwork, commitment, realignment of the business segments and consolidation of our resources efforts continue to pay off.”
Encik Nan Yusri further added, “Deleum always remains committed to continuously creating value to our shareholders. In this regards, we have declared a second interim dividend of 9.0 sen single tier dividend per ordinary share which will be payable to the shareholders on 23 March 2012. Including the first interim single tier dividend of 5 sen per share which was paid on 21 September 2011, the total payout dividend in respect of FY2011 is 14.0 sen per ordinary share, as compared to 11.5 sen per ordinary share for the previous year.”
“The level of oil and gas activities in Malaysia is expected to sustain in view of the initiatives implemented by PETRONAS under the Economic Transformation Program and the recent major discoveries of oil and gas in offshore Sabah and Sarawak. All these would aggregate to generate more business opportunities in the oil and gas industry,” Encik Nan Yusri commented.