Bursa Alert
Global Market
NewsMuhibbah 1Q pre-tax profit rises to RM29.927 mln
Page 1 of 1
Muhibbah 1Q pre-tax profit rises to RM29.927 mln
by Cals Sat 01 Jun 2013, 01:39
Muhibbah 1Q pre-tax profit rises to RM29.927 mln
Business & Markets 2013
Written by Bernama
Friday, 31 May 2013 19:30
A + / A - / Reset
KUALA LUMPUR (May 31): MUHIBBAH ENGINEERING (M) BHD []'s pre-tax profit for the first quarter ended March 31, 2013 increased to RM29.927 million from RM24.697 million in the same period previously.
Revenue, however, decreased to RM386.209 million from RM419.203 million previously, the company said in its filing to Bursa Malaysia today.
"The Group has made full provision for the remaining net exposure of debts due from Asia Petroleum Hub Sdn Bhd of RM245 million during the fourth quarter ended Dec 31, 2012," the group said.
It said the concession division made commendable contribution, especially with the increase in passenger arrivals, for its airport operations in Cambodia.
"With the conclusion of the general election, more infrastructure projects will be rolled out under Malaysia's economic transformation programme in the
near term.
"The group will endeavour to secure those works and projects which are in line with our niche and track record as a oil and gas specialist in the infrastructure, offshore platform cranes and offshore support vessel sectors," it added.
Business & Markets 2013
Written by Bernama
Friday, 31 May 2013 19:30
A + / A - / Reset
KUALA LUMPUR (May 31): MUHIBBAH ENGINEERING (M) BHD []'s pre-tax profit for the first quarter ended March 31, 2013 increased to RM29.927 million from RM24.697 million in the same period previously.
Revenue, however, decreased to RM386.209 million from RM419.203 million previously, the company said in its filing to Bursa Malaysia today.
"The Group has made full provision for the remaining net exposure of debts due from Asia Petroleum Hub Sdn Bhd of RM245 million during the fourth quarter ended Dec 31, 2012," the group said.
It said the concession division made commendable contribution, especially with the increase in passenger arrivals, for its airport operations in Cambodia.
"With the conclusion of the general election, more infrastructure projects will be rolled out under Malaysia's economic transformation programme in the
near term.
"The group will endeavour to secure those works and projects which are in line with our niche and track record as a oil and gas specialist in the infrastructure, offshore platform cranes and offshore support vessel sectors," it added.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Glomac’s 4Q net profit climbs 31% y-o-y to RM29.24m
» Wing Tai 4Q net profit falls 41.2% to RM29.41 million
» Time dotcom 1Q net profit falls 18.5% yoy to RM29.4m
» Jaya Tiasa's pre-tax profit jumps to RM29.69 mln
» Muhibbah rises on Northport job
» Wing Tai 4Q net profit falls 41.2% to RM29.41 million
» Time dotcom 1Q net profit falls 18.5% yoy to RM29.4m
» Jaya Tiasa's pre-tax profit jumps to RM29.69 mln
» Muhibbah rises on Northport job
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|