Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


Alam Maritim 3Q profit rises 39.9% yoy to RM21.7m

Bursa Community :: Community News

Go down

Alam Maritim 3Q profit rises 39.9% yoy to RM21.7m Empty Alam Maritim 3Q profit rises 39.9% yoy to RM21.7m

Post by Cals Tue 19 Nov 2013, 21:37

Alam Maritim 3Q profit rises 39.9% yoy to RM21.7m
Business & Markets 2013
Written by Zatil Husna of theedgemalaysia.com   
Tuesday, 19 November 2013 19:15
KUALA LUMPUR: Alam Maritim Resources Bhd reported a much higher net profit of RM21.7 million for the third quarter ended Sept 30 (3Q13), up 39.9% year-on-year.

Revenue also rose sharply to RM179.9 million, from RM116.3 million in the same quarter last year.

For the nine months period (9M13), profit soared by 88% to RM73.4 million from RM39.0 million previously.

The group’s revenue for the 9M13 increased to RM346.9 million, up from RM335.1 million in the same period last year.

Looking forward, the group expects the oil and gas (O&G) industry to remain robust.

“Based on the current market condition, the domestic oil and gas industry will benefit from the government’s explicit and implicit support, given its strategic importance, and remains as the core revenue generator to the nation’s economy.

“However, concerns regarding the continued slowdown of some European economies, coupled with a weak global economic growth and the threat of rising interest rates, remain,” it said.
Cals
Cals
Administrator
Administrator

Posts : 25277 Credits : 57721 Reputation : 1766
Male 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 I’️d have been right perhaps as often as seven out of ten times.”
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum