KUALA LUMPUR (May 6): PMB Technology Bhd saw its net profit for the first quarter ended March 31, 2015 (1QFY15) risen 26% to RM1.74 million or 2.25 sen a share, from RM1.38 million 1.78 sen a year ago.

The aluminium products manufacturer attributed the higher net profit to higher revenue.  

Revenue for the quarter jumped nearly 47% to RM107.034 million, from RM72.98 million last year.  

The company declared a single tier dividend of 2% or one sen per share for the financial year ending Dec 31, 2015, and is payable to the shareholders on June 11, 2015.  

The entitlement date for the dividend shall be on May 27.  

PMB Technology (fundamental: 0.8; valuation: 2) said its manufacturing and trading segment's profit declined by 26% to RM1.5 million, from RM1.9 million, due to foreign exchange loss. This is despite the segment's revenue having grewn by 29% to RM50.9 million, versus RM39.6 million last year.  

Its construction and fabrication segment however, recorded higher at RM56.1 million, up 67.96% from RM33.4 million last year. "In line with higher revenue, the segment profit increased by 55% to RM2.5 million, as compared to RM1.6 million in 1QFY14," it added.  

On prospects, the company said it would continue to improve its effort to innovate its products design, in order to achieve higher export sales. It also expects the result to be satisfactory for the financial year to come. 

PMB Technology share price closed unchanged at 94 sen, giving it a market capitalisation of RM72.83 million.

(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)