Taliworks Corporation Bhd, an established pure-play infrastructure company engaged in water treatment, supply and distribution, highway and toll management, waste management and construction and engineering, which has released its second quarter results for the financial year ending 31 December 2017 , recorded a Profit Before Tax and Profit After Tax of RM10.3 million and RM7.8 million respectively, on a revenue of RM91.3 million.\u00a0<\/p>\n
The earnings before interest, tax, depreciation and amortisation was registered at RM23.7 million. These results have accounted for the net provision for discounting of receivables of RM10.9 million which are due to the delay in implementation of the last stage of the Selangor water consolidation exercise.<\/p>\n
\u201cThe results of the second quarter of 2017 are within the management\u2019s expectations. Looking ahead to the second half of the year, we are positive that we will be able to maintain our earnings momentum. Going forward, Taliworks will continue to tender more infrastructure projects to boost the construction\u2019s order book. Concurrently, we are seeking for opportunities to pursue new infrastructure sectors such as power, and will continue to focus on mature operational brownfield cash-generating investments,\u201d commented Datuk Ronnie Lim, the Executive Director of Taliworks.<\/p>\n
\u201cWe remain committed with our clear and focused business strategy to continue to provide a recurring and stable source of cash flow to enhance our Company\u2019s growth and to support our Company\u2019s dividend policy,\u201d added Lim.\u00a0<\/p>\n
In view of Taliworks\u2019 favourable performance, the Board of Directors declared a second interim single-tier dividend of 2 sen per share on 1.21 billion ordinary shares, amounting to approximately RM24.2 million, which shall be paid on 22 September 2017.<\/p>\n
\u00a0To date, Taliwork\u2019s has made a total dividend payout of RM48.4 million in respect of the financial year ending 31 December 2017.<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Taliworks Corporation Bhd, an established pure-play infrastructure company engaged in water treatment, supply and distribution, highway and toll management, waste management and construction and engineering, which has released its second quarter results for the financial year ending 31 December 2017 , recorded a Profit Before Tax and Profit After Tax of RM10.3 million and RM7.8 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-915","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=915"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/915\/revisions"}],"predecessor-version":[{"id":6223,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/915\/revisions\/6223"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}