QL RESOURCES ... Jun 09

QL RESOURCES' Net Profit for 4QE Mar 31, 2009 declined 10.5% to RM18.8m from RM21.1m a year ago due to lower margins from its surimi (semi-processed raw fish paste) and decrease in catch from deep sea fishing activities.

Revenue grew 3.8% to RM319.2m from RM331.8m. For the full FYE Mar 2009, Net Profit rose to RM89.3m from RM80.8m in FY08, while Revenue increased to RM1.4 bil from RM1.31 bil.

EPS rose to 27.19 sen from 24.49 sen a year earlier.

FINAL DIVIDEND DECLARED
The Company proposed a Final Dividend of seven sen per ordinary share of 50 sen each.

OPERATIONS OVERVIEW
In an EXCHANGE filing on May 21, 2009, the Company said sales for its marine products manufacturing division increased 10% y-o-y due to higher contribution from its surimi-based products.

Its integrated livestock activities also registered a 10% increase in sales due to higher unit value of animal feed raw materials in the earlier quarters.

The Company's palm oil activities registered a 11% decrease in sales due to lower crude palm oil prices.