LIMAHSOON upbeat on profit
The Star, 29 June 2004
LIMAHSOON Bhd, slated to be listed on Bursa
Malaysia second board on July 22, has forecast a pre-tax
profit of RM10.7mil on the back of RM47.3mil turnover for
the year ending Dec 31, 2004.
Managing director Lim Chong Khim attributed the bullishness
to the company's strong customer base, its commitment to
research and development and benefits from government incentives.
"We intend to strengthen our position as a market leader
in the laminated board industry which is currently growing
at about 1.7% annually. We have a 8% share of the total
market for laminated boards in Malaysia.
"We are confident of meeting our forecast pre-tax profit,
an increase of almost 32% compared with the pre-tax profit
of RM8.1mil for last year," he said after the launch
of the company's prospectus in Kuala Lumpur yesterday.
LIMAHSOON is an integrated manufacturer of laminated boards
with full in-house sawmilling, pressure treatment and kiln
drying facilities, whose products have been well received
in Germany, Japan, India and South Korea.
It is making a public issue of 16.4 million new ordinary
shares at 50 sen each.
Upon listing, the company's issued and paid-up capital will
increase from RM32mil to RM40.2mil. Bernama
Link captured from: www.thestar.com.my
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