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Resource Holding Management Limited 500% Increase in Investee Company gross profit up 1829%

Resource Holding Management Limited LON:RHM have a holding of 543,168,402 shares in PUCF is valued at approximately GBP 16.58m with a gross profit up 1829%

Financial Performance

PUCF Full Year 2013 vs Full Year 2014

Prior Acquisition of RMA 31st Dec 2013 (audited) 12 Months RM ‘000 Enlarged Group 31st Dec 2014 (Unaudited) 12 Months RM’000 Year on Year Change
Revenue 21131 53492 Up 153.1%
Gross Profit 1169 22559 Up 1829.8%
Gross Profit (%) 5.53 42.17 Up 662.6%
Profit before Tax 1706 10425 Up 511.1%
Profit before Tax (%) 8.07 19.49 Up 141.5%
Profit after Tax 1207 9826 Up 714.1%
Profit after Tax (%) 5.71 18.37 Up 221.7%
Net Profits Attributed to Owners 1206 9846 Up 716.4%
EPS (sen) (weighted Average No of Shares) 1.22 0.99 Down 18.9%
EPS (sen) (Enlarged Share Capital) (#) 0.11 0.93 Up 745.5%

Note: (#) The EPS was calculated on enlarged share capital of 1,062,330,571 (as at 31/12/2014), adjusted retrospectively for comparison purposes.

The Board of Resource Holding Management Limited LON:RHM  announces that the Company sold 42,800,000 ordinary shares of RM0.10 in PUC Founder (MSC) Berhad (“PUCF”) on the Bursa Malaysia’s ACE Market (the “ACE Market”) on 11 March 2015 at a price of RM 0.14 per share (the “PUCF Share Sale”). The net proceeds of the PUCF Share Sale for RHM were RM 5,981,812 (approximately GBP 1,074,274*). The Company intends to use the net proceeds from the PUCF Share Sale for general working capital purposes.

PUCF unaudited results for period ended 31/12/14

The Board of RHM notes the announcement by PUC Founder (MSC) Berhad (“PUCF”) of its consolidated results for the 3 months ended 31/12/14.

 

Resource Holding Management Limited LON:RHM holds 585,968,402 shares in PUCF representing 55.16 per cent. of PUCF’s current issued share capital, and 73,247,296 warrants to subscribe for new PUCF shares. The holding in PUCF remains held within RedHot Media International Limited.

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