Home / Knowledge / News / Textiles / Titan Chemicals' 2006 revenue hit RM 5.4 bn

Titan Chemicals' 2006 revenue hit RM 5.4 bn

Feb '07
Titan Chemicals Corp Bhd, South East Asia's largest polyolefins producer, announced its results for 2006 and the following are the highlights.

For financial year ended 31 December 2006, Titan Chemicals had an impressive year with the achievement of record group revenue of RM 5.4 billion, which was up 2l% against the previous year.

The company's Profit Before Tax (PBT) stood at RM823.6 million, which represents an 84% jump from RM 447.2 million a year ago. The growth in sales revenue and profit was driven mainly by higher average selling price and sales volume, improving on the back of positive and stronger market fundamentals.

Its year-to-date Profit After Tax (PAT) of RM773.2 million showed a 142% growth over the RM319.4 million recorded in 2005, The strengthening of business and consumer confidence during the period enhanced the operating profit even while operating in an environment of high crude oil prices.

In addition, the excess of the Group's interest in the net fair value of the acquired company, Chemical Brothers Limited was also recognized raising profit after tax by RM 340,9 million. Excluding this recognition, the Group still saw a 35% increase in 2006 PAT compared to 2005.

Earnings per share rose from 20.58 sen in 2005 to 44.19 sen for the financial year ended 31 December 2006.

2006 Q4 Performance:
For the fourth quarter of 2006, the group recorded revenue of RM 1.5 billion, which was a 33% growth from RM 1.1 billion in the corresponding quarter of 2005. The growth in the average selling price and sales volume by 14% and 17% respectively has contributed to the growth in sales revenue, driven by continued strong market fundamentals.

On the back of this performance, PBT stood at RM 226.3 million. Its' PAT of RM 241.1 million jumped 1,908% from RM 12.0 million corresponding quarter of 2005.

The Board has recommended a final tax exempt dividend of 4.5 sen per for the financial year ended 31 December 2006 subject to shareholders' approval at the forthcoming AGM.

Titan Chemicals Corp Bhd, Malaysia

Must ReadView All

Pic: Shutterstock

Textiles | On 23rd Sep 2021

Global economic recovery continues but remains uneven: OECD

The global economy is growing far more strongly than anticipated a...

Pic: Shutterstock

Textiles | On 23rd Sep 2021

President Biden plays down probability of US-UK trade deal

US President Joe Biden has played down the chances of a post-Brexit...

Pic: Shutterstock

Textiles | On 23rd Sep 2021

ADB revises down Cambodia’s growth forecast, sees rebound in 2022

Cambodia’s economy is projected to grow by 1.9 per cent this year...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchains will be in heavy use by early adopters by 2025

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Ritu Oberoi,

Ritu Oberoi

Mumbai-based Forsarees is a socially driven business enterprise, working...

Frank Heislitz, Freudenberg

Frank Heislitz

Freudenberg Performance Materials is a leading global manufacturer of...

Hemant Bheda, Arevo

Hemant Bheda

Arevo, based in Silicon Valley in California, develops technology to...

Daniel Kaye, RocketLife

Daniel Kaye

<div>RocketLife, an award-winning developer of breakthrough visual...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search