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NewsBerjaya Assets posts RM198.04m net profit in 4Q
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Berjaya Assets posts RM198.04m net profit in 4Q
by hlk Wed 10 Aug 2011, 00:28
KUALA LUMPUR: Berjaya Assets Bhd posted net profit RM198.04 million in the fourth quarter ended June 30, 2011, due mainly to a favourable fair value adjustment of investment PROPERTIES [] totaling RM243.6 million.
Its revenue for the quarter was RM80.9 million. Earnings per share was 17.79 sen while net assets per share was RM1.65.
There were no quarterly comparative figures for the current quarter ended June 30 due to the change of financial year end last year.
The current financial year covers 12 months period from July 1, 2010 to June 30, 2011 with comparatives covering a 14 months period from May 1, 2009 to June 30, 2010.
The company proposed a final gross dividend of four sen per share.
For the financial year ended June 30, Berjaya Assets posted net profit RM288.02 million compared to RM235.67 million a year earlier, on the back of revenue RM353.99 million.
On its prospects, the company said that barring unforeseen circumstances, its operating performance for the financial year ending June 30, 2012 would be satisfactory.
Its revenue for the quarter was RM80.9 million. Earnings per share was 17.79 sen while net assets per share was RM1.65.
There were no quarterly comparative figures for the current quarter ended June 30 due to the change of financial year end last year.
The current financial year covers 12 months period from July 1, 2010 to June 30, 2011 with comparatives covering a 14 months period from May 1, 2009 to June 30, 2010.
The company proposed a final gross dividend of four sen per share.
For the financial year ended June 30, Berjaya Assets posted net profit RM288.02 million compared to RM235.67 million a year earlier, on the back of revenue RM353.99 million.
On its prospects, the company said that barring unforeseen circumstances, its operating performance for the financial year ending June 30, 2012 would be satisfactory.
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