James (centre) wth Jason (sixth left) and other directors at the Pansar AGM.
SIBU: Pansar Bhd has declared a four per cent dividend of 20 sen per ordinary share of its financial year ended March, 2016.
At its annual general meeting yesterday, the company also reported a total turnover of RM3604 million net income of RM7.9 million and earnings per share of 2.81 sen for the fiscal year.
Chairman Dato James Tai stated that the less-than-enthusiastic global regional and local economic sentiment brought about by the sustained downward pressure on prices and demand for commodities, the depreciation of the Malaysian ringgit, the reverberation from the removal of fuel subsidies and te commencement of the Goods and Services Tax had a cascading effect on the performance of Pansar’s five business divisions.
Pansar has employed a two-prong long-term strategy to address the future of the company, including diversification and widening of revenue bases, and optimising business efficiencies continued.
Managing director Datuk Jason Tai , meanwhile, asserted that the undercurrents pinning the Malaysian business environment in the last fiscal year has simmered down and expectations are now more realistic and firm, among their principals, vendors and clients.
Pansar Bhd is a business-to-business engineered solutions provider with a strong respected track record of over 50 years, centred on established world renowned brands, and, reinforced by people with strong values, diverse experience and proven expertise. This adds unmatched value to the innovative Pansar designs, installs, commissions and maintains for airports, hospitals, industrial complexes, oil and gas companies, power utility companies, shopping malls, universities, large commercial and residential buildings and others, in Malaysia and beyond.