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Tasek declares gross interim dividend of 20 sen per share
by hlk Fri 29 Jul 2011, 07:44
KUALA LUMPUR: TASEK CORPORATION BHD [] has declared a gross interim dividend of 20 sen per share in respect of the financial year ending Dec 31, 2011 after its net profit for the second quarter ended June 30, 2011 rose to RM24.21 million from RM23.11 million a year earlier.
It said on Thursday, July 28 that its revenue for the quarter, however, declined marginally to RM139.57 million from RM139.84 million in 2010. Earnings per share was 19.52 sen. Net assets per share was RM7.62.
For the six months ended June 30, Tasek’s net profit rose 10.1% to RM47.61 million from RM43.24 million in 2010, although revenue dipped to RM265.96 million from RM269.31 million.
Reviewing its performance, Tasek said the marginal improvement in its results was mainly due to better pricing in the cement market during the current quarter coupled with higher interest income and higher contribution from share of profits from associated companies.
On its prospects, Tasek said the market for cement and ready-mixed concrete were expected to remain profitable in the next quarter.
It said on Thursday, July 28 that its revenue for the quarter, however, declined marginally to RM139.57 million from RM139.84 million in 2010. Earnings per share was 19.52 sen. Net assets per share was RM7.62.
For the six months ended June 30, Tasek’s net profit rose 10.1% to RM47.61 million from RM43.24 million in 2010, although revenue dipped to RM265.96 million from RM269.31 million.
Reviewing its performance, Tasek said the marginal improvement in its results was mainly due to better pricing in the cement market during the current quarter coupled with higher interest income and higher contribution from share of profits from associated companies.
On its prospects, Tasek said the market for cement and ready-mixed concrete were expected to remain profitable in the next quarter.
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