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GUH 4Q profit up10% to RM8m

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GUH 4Q profit up10% to RM8m Empty GUH 4Q profit up10% to RM8m

Post by Cals Wed 12 Feb 2014, 03:08

GUH 4Q profit up10% to RM8m
Business & Markets 2014
Written by Jonathan Gan at theedgemalaysia.com   
Tuesday, 11 February 2014 19:06

KUALA LUMPUR (Feb 11): Diversified GUH Holdings Bhd's net profit for the fourth quarter ended December 31, 2013 rose 10% to RM8.15 million from RM7.38 million in the similar quarter a year earlier.

Investment properties' revaluation gains, and lower taxes had supported bottom line growth, according to GUH's statement to Bursa Malaysia.

GUH said revenue rose to RM70.16 million from RM63.14 million. The firm said profit before tax fell to RM9.92 million from RM11.75 million "due to lower contribution from property division".

Full-year net profit fell to RM29.99 million from RM36.11 million a year earlier. Cumulative revenue rose to RM286.57 million from RM280.39 million.

On prospects, GU foresees a positive year in 2014 amid intensified market competition and rising operating costs.

Stronger growth is seen at its electronics, plantation, and water and waste treatment divisions, the firm said.
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