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Samurai 2K Aerosol's FY18 earnings surge fivefold to $3.9 mil on higher sales

PC Lee
PC Lee5/28/2018 07:38 PM GMT+08  • 2 min read
Samurai 2K Aerosol's FY18 earnings surge fivefold to $3.9 mil on higher sales
SINGAPORE (May 28): Samurai 2K Aerosol, the aerosol coating specialist of automotive refinishing, reported FY18 earnings surged fivefold to RM11.7 million ($3.9 million) from RM2.2 million a year ago.
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SINGAPORE (May 28): Samurai 2K Aerosol, the aerosol coating specialist of automotive refinishing, reported FY18 earnings surged fivefold to RM11.7 million ($3.9 million) from RM2.2 million a year ago.

Revenue for FY18 more than doubled to RM90 million from a year ago mainly due to a RM29.65 million increase in revenue from its standard paint segment and a RM20.70 million increase in revenue from its premium paint segment.

Sales volume increased by 9.02 million cans or 132.6% to 15.8 million cans as a result of enhanced marketing initiatives taken such as advertisements on social media, exhibition, demonstration and training activities for potential end-users.

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