Related News

No related news articles were found.

pelikan international corp (PELI) Related Businessweek News

No Related Businessweek News Found

pelikan international corp (PELI) Details

Pelikan International Corporation Berhad, together with its subsidiaries, manufactures and distributes writing instruments, art, painting and hobby products, school and office stationery, printer consumables, and papeterie products. It operates though Germany, Switzerland, Rest of Europe, Americas, and Rest of World segments. It offers office supplies comprising stamps, writing instruments, glues, markers, cleaners, and accessories; writing products, such as fountain pens, ink pens, pencils, and accessories for use in school, office, and home; printer consumables; and coloring and crafting products. The company also provides fine writing products, such as roller ball pens, mechanical pencils, and ballpoint pens, as well as leather cases and cartridges. In addition, it provides computer software and hardware products, IT services, and logistics services, as well as engages in property holding business. The company distributes its products through wholesalers, dealers, retailers, hypermarkets, schools, and specialized stores for luxury items to approximately 160 countries. Pelikan International Corporation Berhad was founded in 1832 and is headquartered in Shah Alam, Malaysia.

pelikan international corp (PELI) Key Developments

Pelikan International Corporation Berhad announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the period, the company reported revenue of MYR 282,006,000 against MYR 312,574,000 a year ago. The decrease in revenue was mainly contributed by the Group's main revenue currency that is the Euro which depreciated by 9.8% against Ringgit Malaysia as compared to the previous year's corresponding quarter. The decrease was partially offset by the steady growth in the Americas region which generated higher sales by 7.2% as compared to the previous year's corresponding quarter. Loss before taxation was MYR 8,656,000 against MYR 6,766,000 a year ago. Total loss attributable to owners of the parent was MYR 10,716,000 or 1.95 sen per share against MYR 11,198,000 or 2.20 sen per share a year ago. Net cash used in operating activities was MYR 3,016,000 against MYR 44,665,000 a year ago. Purchase of property, plant and equipment was MYR 11,122,000 against MYR 3,794,000 a year ago. Purchase of intangible assets was MYR 727,000 against MYR 81,000 a year ago. The losses were mainly attributable to the lower margin contribution due to lower sales value in the current quarter and the recognition of the gain on disposal of a subsidiary in the month of March 2014.

Pelikan International Corporation Berhad, Annual General Meeting, Jun 17, 2015., at 12:30 Indian Standard Time. Location: Saujana Ballroom, The Saujana Hotel Kuala Lumpur. Agenda: To receive the audited financial statements for the financial year ended December 31, 2014 and the reports of the directors and auditors thereon; to approve payment of directors' fees; to re-elect Dato' Afifuddin bin Abdul Kadir as director; to re-appoint Messrs. BDO asAuditors of the company until the conclusion of the next Annual General Meeting of the company and to authorize the directors to fix their remuneration; to to authorize the directors to issue shares; to consider proposed grant of options to directors; and to transact any other business for which due notice has been given in accordance with the Articles of Association of the company.

Pelikan International Corporation Berhad announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported revenue of MYR 283,816,000, loss before taxation of MYR 47,131,000, loss for the financial period of MYR 45,686,000, total loss attributable to owners of the parent of MYR 43,024,000 or 7.74 sen diluted per share, compared to the revenue of MYR 323,468,000, loss before taxation of MYR 11,118,000, loss for the financial period of MYR 14,765,000, total loss attributable to owners of the parent of MYR 9,477,000 or 1.87 sen diluted per share, for the same quarter a year ago.
For the year, the company reported revenue of MYR 1,382,120,000, loss before taxation of MYR 23,974,000, loss for the financial period of MYR 33,659,000, total loss attributable to owners of the parent of MYR 33,516,000 or 6.26 sen diluted per share, net cash used in operating activities of MYR 45,196,000, purchase of property, plant and equipment of MYR 21,616,000 compared to the revenue of MYR 1,442,136,000, profit before taxation of MYR 2,619,000, loss for the financial period of MYR 13,660,000, total loss attributable to owners of the parent of MYR 5,602,000 or 1.1 sen diluted per share, net cash from operating activities of MYR 9,892,000, purchase of property, plant and equipment of MYR 22,567,000 for the previous year.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.