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Priceworth International Berhad

 

Priceworth International Berhad (PWI) is a group of companies focused in the timber and wood products industry in Sabah, Malaysia. Formerly known as Priceworth Wood Products Berhad, the company changed its name to the present on 18 May 2011, to reflect the future expansion of investments overseas and its growing international presence.

Since its inception in 1992, PWI has achieved a strong presence in the Malaysian timber industry. The Group has also successfully implemented a fully integrated operations giving it an uninterrupted flow of operations from the upstream to the downstream activities.

PWI upholds strict adherence to accepted sound forest management practices.

 

PWI made its listing on the Second Board of Bursa Malaysia in 2001 and was upgraded to the Main Board in 2004 (now known as the Main Market of Bursa Securities). The Company maintains its vision to be a leading global player in the timber industry.

The Company’s primary business comprises timber extraction, manufacture and sale of processed woods products, distribution and trading services, wood processing services and rental of kiln dry machines.
PWI’s products include: -

• Plywood, veneer and blockboard
• Sawn timber
• Bare core board
• Fingerjoints
• Moulded timber
• Wooden doors and window frames

PWI is in ongoing negotiations to acquire timber concessions overseas in a bid to entrench its position in the international arena.

Todate, the Company’s sales are mainly generated from Japan, China, Singapore, Thailand, Philippines, Middle East, Europe and USA.



Contact Information

1st 1st Floor, Lot 5, Block 4, Bandar Indah, Mile 4, Jalan Utara, 90000 Sandakan, Malaysia.
Tel: 6089-229 370 (Hunting Line)   Fax: 6089-223 969    Email: fiona@pwpmalaysia.com.my

 

Review of performance 31 March 2012

For the current quarter under review, the Group recorded revenue of RM80.2million and pre-tax loss of RM0.23 million compared to revenue of RM111.2 million and pre-tax profit of RM1.54 million in the corresponding quarter of the previous financial year.

The decrease in the current quarter’s revenue was mainly due to the decrease in the sales volume of plywood and sawn timber.

For the current quarter under review, the Group posted revenue of RM80.2 million compared to RM81.2 million in the preceding quarter. The pre-tax loss was RM0.22 million representing a decrease compared to the pre-tax profit of RM0.48million reported in the preceding quarter.

In the current quarter, the lower revenue is mainly attributable to the lower sales volume compared to preceding quarter and the pre-tax loss were mainly due to the lower profit contribution from sales and carrying of certain operational costs which are fixed in nature.


 

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