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NewsIngress 1Q net profit falls 34% to RM6.94m
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Ingress 1Q net profit falls 34% to RM6.94m
by hlk Tue 28 Jun 2011, 19:12
KUALA LUMPUR: INGRESS CORPORATION BHD [] net profit for the first quarter ended April 30, 2011 fell 34% to RM6.94 million from RM10.47 million a year earlier, due to a one time gain on disposal of shares totaling RM7.6 million included in 1Q 2010 net profit.
It said on Tuesday, June 29 that revenue for the quarter slipped to RM175.07 million from RM180.41 million in 2010. Earnings per share was 9 sen, while net assets per share was RM2.08.
Commenting on its prospects, Ingress said it expects its automotive division to further improve during the financial year.
“We also expect the power and engineering projects division to improve given the existing and new projects to be secured,” it said.
It said on Tuesday, June 29 that revenue for the quarter slipped to RM175.07 million from RM180.41 million in 2010. Earnings per share was 9 sen, while net assets per share was RM2.08.
Commenting on its prospects, Ingress said it expects its automotive division to further improve during the financial year.
“We also expect the power and engineering projects division to improve given the existing and new projects to be secured,” it said.
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