KUALA LUMPUR: C.I. Holdings Bhd (CIHB) posted a 156 per cent jump in net profit to RM116.09 million in the year ended June 30 2021 from RM45.31 million previously.
Group revenue edged up 22 per cent to RM3.14 billion from RM2.57 billion in the previous year.
Earnings per share rose to 43.19 sen from 18.59 sen in the previous financial year, CIHB said in a statement today.
For the fourth quarter, CIHB recorded a net profit of RM38.88 million, a surge of 219 per cent from RM12.18 million posted in Q4 of 2020.
"The positive performance of the company is due to better margins on all of our products as a result of effective cost management and successfully overcoming shortages of FCL containers which was a problem faced by the world during the pandemic," CIHB chairman Datuk Seri Johari Abdul Ghani said in the statement.
"The effective management of the logistical issues faced during this period is vital as CIHB exports more than 95 per cent of its products to its customers in 100 countries" Johari added.
The CIHB board has recommended a single tier final dividend of 12 sen per share, subject to the shareholders' approval at its forthcoming annual general meeting.
CIHB manufactures and packs all types of edible oil.
JAG Capital Holdings Sdn Bhd, which is owned by Johari, is a substantial shareholder of CIHB with a 32.96 per cent stake.