Bursa Alert
Global Market
NewsMah Sing 3Q profit jumps 28% yoy to RM71m
Page 1 of 1
Mah Sing 3Q profit jumps 28% yoy to RM71m
by Cals Mon 11 Nov 2013, 14:31
| Mah Sing 3Q profit jumps 28% yoy to RM71m |
| Business & Markets 2013 |
| Written by Jeffrey Tan of theedgemalaysia.com |
| Monday, 11 November 2013 13:16 |
3Q revenue also jumped 27% y-o-y to RM536 million from RM421 million.
In a filing to Bursa Malaysia, the mainly-property conglomerate said cumulative profit registered RM210 million from RM175 million, while revenue totalled RM1.4 billion versus RM1.3 billion in the previous corresponding quarter.
Mah Sing said in terms of its property development for the nine months ended Sept 30, 2013, the larger profit margin resulted from better product mix. It attributed the increase in revenue to the growing contribution from mixed developments.
The firm also said its plastics segment continued to contribute positively to the revenue and operating profit of the group. It said revenue grew as a result of higher pallet sales.
Going forward, Mah Sing said it is well placed to achieve a good performance for the current financial year.
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» SYF 1Q net profit jumps 11% to RM5.15 mil
» Flash Mah Sing 2Q net profit rises 16% y-o-y to RM70m
» Mah Sing's 2011 profit rises to RM238.63m
» Highlight Mah Sing 1Q net profit rises 18.04% to RM98.9 million
» Highlight Mah Sing 4Q net profit rises 28% y-o-y, proposes 8 sen dividend
» Flash Mah Sing 2Q net profit rises 16% y-o-y to RM70m
» Mah Sing's 2011 profit rises to RM238.63m
» Highlight Mah Sing 1Q net profit rises 18.04% to RM98.9 million
» Highlight Mah Sing 4Q net profit rises 28% y-o-y, proposes 8 sen dividend
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|