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Update MSM 3Q profit jumps 73% to RM74.2m, declares 10 sen dividend

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Update MSM 3Q profit jumps 73% to RM74.2m, declares 10 sen dividend Empty Update MSM 3Q profit jumps 73% to RM74.2m, declares 10 sen dividend

Post by Cals Thu 14 Nov 2013, 21:20

Update MSM 3Q profit jumps 73% to RM74.2m, declares 10 sen dividend
Business & Markets 2013
Written by Zatil Husna of theedgemalaysia.com   
Thursday, 14 November 2013 18:56
KUALA LUMPUR (Nov 14): MSM Malaysia Holdings Bhd’s (MSM’s) net profit for the third quarter ended Sept 30, 2013 (3Q13) jumped 73% year on year to RM74.2 million.

However, revenue decreased to RM545.6 million, from RM610.9 million previously, MSM said.

In its notes to the stock exchange, MSM said the lower revenue was due to lower domestic sales despite an increase of export sales as compared to the same quarter last year.

The group declared a single tier interim dividend of 10 sen per share.

For the nine month period (9M13), MSM’s profit soared to RM228.7 million from RM162.2 million.

However, revenue fell slightly to RM1.67 billion from RM1.69 billion in the same period last year.
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