Thursday, March 10, 2011

KNM ... Mar11

KNM Group Bhd expects the company's debt levels to fall further as unit Borsig GmbH is doing better now.

The company's plans to use Berlin-based Borsig, which was acquired in early 2008 for RM1.7bil, to expand business was somewhat derailed following the global economic recession, which saw oil prices drop as low as US$33 a barrel from over US$147.
Since then many have been concerned about KNM's ability to pare down debt.

KNM Group was not concerned about its debt level, which had dropped significantly to about RM1 billion currently from the RM1.7 billion to RM1.8 billion level following the acquisition of Borsig in mid-2008.

The high debt was largely due to its investment in Borsig.

On the group’s outlook, it would continue to move up the value chain by looking at opportunities through acquisitions and joint ventures, noting that the group had a healthy cash position of about RM296 million.

In December 2010, KNM Group’s wholly owned subsidiary KNM Process Systems Sdn Bhd secured a £450 million (RM2.2 billion) engineering, procurement, construction and commissioning (EPCC) contract for a biomass and waste recycling centre project in England.
The company's orderbook now stood at RM4.5bil versus the pre-Borsig acquisition high of RM3.5bil, and a net cash in hand of RM296mil.
It declined to comment on whether there were any renewed plans to take the company private after a deal by Mettiz Capital and GS Capital Partners VI Fund LP, a Goldman Sachs unit, at 90 sen a share fell through.

The tax incentive the company has been enjoying for the past two years would continue to play a big role in the future. The company's fourth quarter earnings were lifted by a tax incentive (which was supposed to enable the company to price its products more competitively and make gross margins that were one to three percentage points lower) of RM14mil.

KNM's current orderbook “should keep the company busy for the next two years”. The company's tender book on the other hand, stood at more than RM16bil.

KNM Group Bhd, which has seen its earnings on a decline, expects better earnings this year underpinned by its all-time high order book of RM4.5 billion.

About 95% of KNM Group’s projects came from the overseas market and that the group was still “more foreign driven” in terms of income. Germany is the group’s largest overseas operation and it contributes about 50% of the group’s total revenue.

Its Malaysian operations contributed about 30% of the group’s revenue, and it was looking to improve its business with the growing domestic opportunities in the oil and gas industry.

For FY10 ended Dec 31, KNM Group’s net profit dipped 49.6% to RM131.2 million from RM260.55 million the previous year, while revenue shrank to RM1.55 billion from RM1.83 billion due to lower job orders, lower contribution margins and higher operating costs.

Basic earnings per share contracted to 13.34 sen from 26.29 sen previously, while net assets per share stood at RM1.73 as at Dec 31.

105 comments:

Anonymous said...

order alprazolam no prescription buy xanax online legitimate - much does generic xanax cost without insurance

Anonymous said...

buy tramadol online tramadol withdrawal in dogs - tramadol 50 mg looks like

Anonymous said...

xanax online cipro xanax drug interactions - what do generic xanax pills look like

Anonymous said...

generic xanax xanax side effects dry eyes - xanax drug dosage

Anonymous said...

buy xanax bars xanax and alcohol stroke - xanax 1 mg rp

Anonymous said...

xanax online drug test for xanax detection times - generic xanax forum

Anonymous said...

xanax online xanax withdrawal 1 mg - alprazolam xr 0.5mg tablets

Anonymous said...

xanax without a perscription can't get high on xanax - xanax pills what do they look like

Anonymous said...

buy tramadol online tramadol withdrawal exhaustion - tramadol withdrawal wellbutrin

Anonymous said...

buy tramadol online tramadol hcl contraindications - tramadol high off

Anonymous said...

xanax online buy xanax online no membership - xanax drug code

Anonymous said...

buy tramadol online tramadol dosage mg - tramadol jittery

Anonymous said...

buy tramadol online buy tramadol 50mg online - tramadol hcl 100

Anonymous said...

xanax online xanax bars drug test - xanax xanax

Anonymous said...

buy tramadol online buy tramadol online tennessee - high dose of tramadol

Anonymous said...

buy tramadol online tramadol 50mg like - what is tramadol for dogs for

Anonymous said...

generic xanax xanax effects 1 mg - drug interactions between xanax and ambien

Anonymous said...

buy tramadol online buy tramadol online echeck - buy tramadol egypt

Anonymous said...

carisoprodol 350 mg buy carisoprodol online no prescription - cheap carisoprodol with c.o.d

Anonymous said...

buy carisoprodol cod carisoprodol 350 mg sleep - soma carisoprodol high

Anonymous said...

buy tramadol online tramadol extended release dosage - buy generic tramadol online

Anonymous said...

buy tramadol online tramadol price - tramadol overdose wiki

Anonymous said...

generic xanax drug classification of xanax - xanax 5 panel drug screen

Anonymous said...

carisoprodol 350 mg buy vicodin online no prescription overnight - carisoprodol highest mg

Anonymous said...

buy tramadol online buy tramadol online echeck - order tramadol mastercard

Anonymous said...

generic xanax xanax withdrawal is hell - xanax and alcohol combination

Anonymous said...

xanax online xanax for sleep - xanax side effects glaucoma

Anonymous said...

generic xanax xanax dosage information - xanax for depression

Anonymous said...

generic xanax is mixing xanax and alcohol lethal - xanax withdrawal librium

Anonymous said...

where to buy xanax online no prescription many xanax pills overdose - know your high xanax

Anonymous said...

carisoprodol 350 mg carisoprodol hydrocodone - carisoprodol uses

Anonymous said...

buy tramadol online tramadol for dogs benadryl - tramadol is generic for

Anonymous said...

buy carisoprodol carisoprodol c-iv - carisoprodol non scheduled drug

Anonymous said...

buy tramadol online cheap tramadol no prescription overnight - buy generic tramadol no prescription

Anonymous said...

xanax online xanax side effects edema - xanax side effects dizziness

Anonymous said...

buy cialis online generic cialis walgreens - cialis online argentina

Anonymous said...

buy tramadol online buy tramadol saturday delivery - tramadol hcl er dosage

Anonymous said...

cialis online generic once daily cialis - cialis online+truffa

Anonymous said...

xanax online xanax ruins opiate high - can take 2mg xanax

Anonymous said...

generic cialis buy real cialis - buy generic cialis online in usa

Anonymous said...

cialis online buy cialis 5 mg online - cheap cialis us online

Anonymous said...

generic tadalafil buy cialis online in nz - cheap generic viagra cialis

Anonymous said...

cialis online buy cialis philippines - generic cialis safe

Anonymous said...

cialis medication cialis online best place buy - generic cialis usa pharmacy

Anonymous said...

order cialis online canada price for cialis - cialis versus levitra

Anonymous said...

cialis online cialis price uae - buy cialis us suppliers

Anonymous said...

http://buytramadolonlinecool.com/#51726 tramadol hcl time release - why can you buy tramadol online

Anonymous said...

buy tramadol with cod order tramadol online forum - tramadol potentiators

Anonymous said...

http://landvoicelearning.com/#51438 tramadol 50mg high - tramadol 50 mg buy online

Anonymous said...

buy tramadol saturday delivery tramadol withdrawal youtube - tramadol questions

Anonymous said...

learn how to buy tramdadol tramadol overdose cats - what does 100 mg tramadol look like

Anonymous said...

buy tramadol tramadol hcl 50 mg recreational use - tramadol hcl 50 mg picture

Anonymous said...

buy tramadol taking tramadol for dogs - is it legal to order tramadol on line'

Anonymous said...

buy tramadol online buy tramadol online overnight mastercard - taking 4 50mg tramadol

Anonymous said...

learn how to buy tramdadol tramadol overdose vomiting - tramadol hcl 200 er

Anonymous said...

buy tramadol tramadol is the generic of what - tramadol overdose treat

Anonymous said...

http://landvoicelearning.com/#44827 tramadol withdrawal 50mg - tramadol clorhidrato 100mg gotas

Anonymous said...

buy tramadol online tramadol 50 mg street price - good online pharmacy tramadol

Anonymous said...

buy tramadol online mastercard overnight tramadol 50 mg recommended dose - how tramadol addiction is treated

Anonymous said...

buy tramadol online with mastercard tramadol addiction stories - tramadol for dogs cost

Anonymous said...

buy tramadol online tramadol addictive or not - tramadol hcl en espanol

Anonymous said...

buy tramadol can you buy tramadol in usa - tramadol buy online usa

Anonymous said...

buy tramadol long does tramadol high last - tramadol 50mg tablets narcotic

Anonymous said...

order tramadol overnight buy tramadol 180 - tramadol online fast

Anonymous said...

http://blog.dawn.com/dblog/buy/#56932 order tramadol pay cod - buy discount tramadol

Anonymous said...

buy tramadol tramadol lexapro - buy tramadol online yahoo

Anonymous said...

http://buytramadolonlinecool.com/#61458 get out tramadol addiction - tramadol 1 hcl 50mg

Anonymous said...

buy tramadol online tramadol good withdrawal - dosage for tramadol for dogs

Anonymous said...

buy tramadol online tramadol hcl side effects 50mg - tramadol for dogs with liver disease

Anonymous said...

http://blog.dawn.com/dblog/buy/#40751 tramadol for dogs addictive - tramadol 37.5 addiction

Anonymous said...

http://buytramadolonlinecool.com/#91646 tramadol no prescription overnight delivery - tramadol 50mg good high

Anonymous said...

tramadol online tramadol 50mg good - tramadol no prescription next day delivery

Anonymous said...

buy tramadol buy tramadol online overnight cod - side effects to tramadol 50mg

Anonymous said...

cheap lorazepam ativan 1mg - treatment of ativan withdrawal

Anonymous said...

buy tramadol tramadol online overnight cod - tramadol hcl bp 100mg

Anonymous said...

ways to buy ativan online buy lorazepam germany - ativan bpi 64

Anonymous said...

buy tramadol online tramadol overdose fatal amount - tramadol online no prescription needed

Anonymous said...

ways to buy ativan online ativan no prescription - buy ativan online canada

Anonymous said...

ways to buy ativan online ativan gtt - uses of ativan 2mg

Anonymous said...

ways to buy ativan online overdose on ativan how much - addiction xanax ativan

Anonymous said...

ativan mg lorazepam online kaufen ohne rezept - ativan 4mg

Anonymous said...

buy ativan online overdose on ativan how much - addiction xanax ativan

Anonymous said...

buy tramadol online mastercard overnight tramadol 50 mg sleep - tramadol 100mg get you high

Anonymous said...

buy xanax online xanax generic mg - xanax bars schedule

Anonymous said...

xanax generic xanax 60 minutes - extended release xanax dosage

Anonymous said...

buy xanax online 2mg xanax get you high - xanax bars information

Anonymous said...

buy xanax online xanax dosage tablet - xanax 2mg side effects

Anonymous said...

buy tramadol online tramadol 100 mg high dose - tramadol 50 mg to get high

Anonymous said...

buy alprazolam online without prescription 6mg xanax high - best website to order xanax

Anonymous said...

http://staam.org/#56821 can buy tramadol online legally - generic tramadol ultram

Anonymous said...

http://ranchodelastortugas.com/#71453 buy xanax online legally - xanax effects dosage

Anonymous said...

http://ranchodelastortugas.com/#82165 drug interaction zofran xanax - xanax snorting

Anonymous said...

alprazolam no prescription xanax rectal - xanax overdose potential

Anonymous said...

can you buy xanax online legally xanax bars 2 mg street price - makes generic xanax

Anonymous said...

buy tramadol online order tramadol online to florida - generic tramadol online

Anonymous said...

buy tramadol online what is tramadol ultram used for - tramadol 10mg high

Anonymous said...

buy tramadol online buy cheap tramadol online - tramadol dosage rat

Anonymous said...

http://staam.org/#74560 tramadol overdose how many tramadol does it take - buy tramadol online utah

Anonymous said...

http://ranchodelastortugas.com/#93851 xanax 1 mg recreational - 5 htp xanax withdrawal

Anonymous said...

buy xanax online xanax effects menstrual cycle - xanax effects sleep

Anonymous said...

buy xanax online xanax bars wholesale - xanax on employment drug test

Anonymous said...

buy xanax online xanax bars hangover - xanax withdrawal nightmares

Anonymous said...

http://ranchodelastortugas.com/#71453 xanax dosage muscle relaxant - xanax and alcohol heath ledger

Anonymous said...

buy xanax online xanax online paypal - urine drug test detection times xanax

Anonymous said...

buy xanax online xanax side effects upset stomach - drug stronger xanax valium