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NewsCahya Mata 3Q profit rises 85% to RM41m
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Cahya Mata 3Q profit rises 85% to RM41m
by Cals Thu 28 Nov 2013, 18:42
| Cahya Mata 3Q profit rises 85% to RM41m |
| Business & Markets 2013 |
| Written by Chong Jin Hun of theedgemalaysia.com |
| Thursday, 28 November 2013 17:50 |
Profit growth came mainly on income from its cement, building materials, besides construction and road maintenance units, CMSB told Bursa Malaysia today.
"However, the above was partially offset by Samalaju development division’s lower PBT in the current quarter which was due to a higher depreciation charge," CMSB said.
The firm's revenue climbed to RM335.4 million from RM288.28 million.
Nine-month net profit increased to RM109.73 million from 100.58 million a year earlier. Revenue was higher at RM984.09 million from RM810.8 million.
Looking ahead, CMSB said it is optimistic of its FY13 performance. This is despite a challenging operating environment.
"The group’s strong financial position will enable the group to invest in new business opportunities especially in the Samalaju Industrial Park, Bintulu, Sarawak," CMSB said.
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