Revenues have grown from RM 44.1 million in 2015 to RM 67.6 million in 2018. It is contributed from higher orders from its main customer, Dyson Group. As a result, it has contributed to a hike in adjusted earnings from RM 2.99 million in 2015 to RM 9.49 million in 2018.
Its earnings figures above have been adjusted to reflect i-Stone’s earnings without tax savings under Pioneer Status Incentives granted under the PIA from 5 December 2013 to 4 December 2018. i-Stone has not renewed the incentive and will be subjected to prevailing tax rate of 24.0% starting from Year Assessment (YA) 2019.
Return on Equity (ROE) increased from 22.27% in 2015 to 42.95% in 2018. This is because its earnings growth had exceeded its growth in shareholders’ equity for the last 4 years.
Figures in RM ‘000 unless stated otherwise
2015
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