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Kumpulan Europlus posts RM1.3m Q3 profit

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Kumpulan Europlus posts RM1.3m Q3 profit Empty Kumpulan Europlus posts RM1.3m Q3 profit

Post by hlk Thu 29 Dec 2011, 21:23

Kumpulan Europlus Bhd reported a pre-tax profit of RM1.33 million in the current third quarter ended Oct 31 2011
compared with a pre-tax loss of RM16.08 million in the corresponding quarter of the preceding year.

The
profit achieved for the quarter was mainly due to interest income of
RM1.66 million, accretion of equity interest in Talam of RM 2.21 million
and fair value gain of RM 2.09 million on short-term investments,
Kumpulan Europlus said in its filing to Bursa.

For the current
quarter, the Group recorded revenue of RM3.84 million which is a
decrease by 19.16 per cent from the corresponding quarter of the
preceding year of RM4.75 million, mainly due to lower billings by the
Group's manufacturing and construction divisions.

The Group
recorded a pre-tax profit RM5.64 million for the nine months ended Oct
31, 2011 compared to a pre-tax loss of RM20.07 million in the preceding
period. -- Bernama
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