KUALA LUMPUR (Jan 28): Concrete Engineering Products Bhd, posted a net profit of RM7.92 million or 17.68 sen per share for its first quarter ended Nov 30, 2015 (1QFY16), as it saw higher sales volume driven by more deliveries.

A year ago (1QFY15), the group was in the red with a net loss of RM4.15 million or 11.49 sen per share; it returned to profitability in 3QFY15 with a net profit of RM4.16 million or 9.3 sen per share.

In a filing with Bursa Malaysia, the group said its revenue for the quarter under review rose 21% to RM59.09 million from RM48.84 million during the corresponding period of the previous year.

Moving forward, Concrete Engineering said its prospects for current year is dependent on its ongoing order book and potential orders from new projects in Malaysia and the region.

"Our raw materials, which comprise cement, steel bars, sand and aggregate, will have an impact on our selling price and viability of the company," it added.

Concrete Engineering shares closed 12 sen or 5.61% lower at RM2.02 today, valuing it at RM95.8 million.

(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)