Kian Ann Engineering

[millionairemind]

Kian Ann Engineering Posts Record Revenue & Profit For FY08

Mainboard-listed Kian Ann Engineering, one of the largest independent distributors of heavy machinery parts in Asia, has achieved a record profit of $11.2m, up 14.6% yoy while group sales soared 16% to $150.2m.

This is the group’s best performance since its IPO in 1996. The group reported healthy sales growth in all its geographical segments, especially in Asia.

The increase in sales was principally due to the group’s strategy of increasing inventory in quantity and range to meet customers’ parts requirements, as well as the commitment to delivery of goods on a timely basis which is a critical factor in the industry.


Source: Business Times

[winston]

Not vested

Kian Ann Engineering Ltd. (KAE SP), a supplier of tractor and diesel engine parts, said net income climbed 26.5 percent to S$4.1 million from a year ago.

Kian Ann declined 4.6 percent to 21 Singapore cents.


Source: Bloomberg