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NewsNaim Holdings 1Q profit soars 156% to RM41m
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Naim Holdings 1Q profit soars 156% to RM41m
by hlk Mon 27 May 2013, 18:04
Business & Markets 2013
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 27 May 2013 17:55
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KUALA LUMPUR (May 27): NAIM HOLDINGS BHD [] reported a huge
jump in net profit to RM41.2 million for the first quarter of 2013, up
156% from RM16.1 million a year ago.
Earnings per share for the quarter to March 2013 also rose to 17.37
sen from 6.79 sen in the first quarter of 2012, according to the
company’s filings with Bursa Malaysia.
Revenue increased to RM128.9 million, from RM94.2 million.
Reviewing the results, Naim Holdings said higher revenue was mainly
due to higher property revenue.
It added higher profit was due mainly to higher progress in development
property sold and improvement in the performance of associates.
On outlook, Naim Holdings said it is holding a cautious view on the
performance of its property division.
On its CONSTRUCTION [] division, it said it has submitted a number of
sizeable construction tenders and is “optimistic that the segment will
perform better in the current year”.
Written by Ho Wah Foon of theedgemalaysia.com
Monday, 27 May 2013 17:55
A + / A - / Reset
KUALA LUMPUR (May 27): NAIM HOLDINGS BHD [] reported a huge
jump in net profit to RM41.2 million for the first quarter of 2013, up
156% from RM16.1 million a year ago.
Earnings per share for the quarter to March 2013 also rose to 17.37
sen from 6.79 sen in the first quarter of 2012, according to the
company’s filings with Bursa Malaysia.
Revenue increased to RM128.9 million, from RM94.2 million.
Reviewing the results, Naim Holdings said higher revenue was mainly
due to higher property revenue.
It added higher profit was due mainly to higher progress in development
property sold and improvement in the performance of associates.
On outlook, Naim Holdings said it is holding a cautious view on the
performance of its property division.
On its CONSTRUCTION [] division, it said it has submitted a number of
sizeable construction tenders and is “optimistic that the segment will
perform better in the current year”.
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