Performance has also improved. For the full year ending 31 Dec 2011, TASCO's revenue rose to RM469,211 million which is 5.5% better that that achieved in the corresponding period ending 2010 of RM443,362. Profit after tax for the period was RM34,676 million,almost 40% of that attained in 2010 of RM24,776 million. Basic earnings per shares has also risen to 34.59 sen from 24.78 sen in 2010.In terms of dividends, the dividend declared for the current year is 12.90% where 1.3% is tax-exempt while 11.6% is taxed at 25%,effectively translating net dividend to 9.13%. This is better that 9.3% gross declared in 2010.
The last quarter results, though, was lower than that achieved in the corresponding quarter in 2010.Revenue shrunk to RM113,870 million, RM10.8 million lower than RM124,692 million chalked up in 2010. This is equivalent to a 8.6% fall. Thankfully, net profit has been higher at RM13,963 million as compared to RM8,471 million registered in 2010. This is equivalent to a spectacular improvement of 65%.
Let us now look at TASCO's quarter results thus far.
Though revenue is so much lower than in 2010, net profit earnings per share, dividend (12.90%) and NTA (RM2.41)have been good.
Dividend-wise, this year has the best yield thus far ;comparing to the low pay-out of 7% in 2009 and 9.1% in 2010.
If the yearly and quarterly revenue is any indicator, the logistics industry continues to be challenging for TASCO though profits has indeed improved tremendously. Whether the industry can still support such a profit performance is very much dependent on both the global and domestic economy.
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