Bursa Alert
Global Market
NewsSapura Industrial 2Q net profit up 11.6% to RM7.21m
Page 1 of 1
Sapura Industrial 2Q net profit up 11.6% to RM7.21m
by hlk Wed 28 Sep 2011, 20:09
KUALA LUMPUR: SAPURA INDUSTRIAL BHD [] net profit for the second quarter ended July 31, 2011 rose 11.6% to RM7.21 million from RM6.46 million a year earlier, mainly due to model mix and cost improvement efforts throughout the group.
It said on Wednesday, Sept 28 that revenue for the quarter, however, slipped to RM75.93 million from RM78.72 million in 2010 due to lower volume.
Earnings per share was 9.90 sen compared to 8.87 sen a year ago, while net assets per share was RM1.10.
For the six months ended July 31, Sapura Industrial’s net profit rose to RM12.44 million from RM11.12 million in 2010, albeit on the back of lower revenue of RM142.75 million from RM152.39 million a year earlier.
On its prospects, the company said it was cautious that market conditions would continue to be challenging for the automotive sector.
“As such the group has intensified its efforts to further strengthen operational efficiency,” it said.
It said on Wednesday, Sept 28 that revenue for the quarter, however, slipped to RM75.93 million from RM78.72 million in 2010 due to lower volume.
Earnings per share was 9.90 sen compared to 8.87 sen a year ago, while net assets per share was RM1.10.
For the six months ended July 31, Sapura Industrial’s net profit rose to RM12.44 million from RM11.12 million in 2010, albeit on the back of lower revenue of RM142.75 million from RM152.39 million a year earlier.
On its prospects, the company said it was cautious that market conditions would continue to be challenging for the automotive sector.
“As such the group has intensified its efforts to further strengthen operational efficiency,” it said.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics» Sapura Industrial 1Q net profit up 12.7% to RM5.24m
» Sapura Industrial 4Q net profit plunges 50%
» Sapura Industrial 3Q profit up 33% yoy, declares 3 sen dividend
» Sapura Industrial 1Q profit plunges 64% yoy; founder appointed chairman
» Hot Stock Sapura Industrial jumps 13.64% on solid 4Q earnings
» Sapura Industrial 4Q net profit plunges 50%
» Sapura Industrial 3Q profit up 33% yoy, declares 3 sen dividend
» Sapura Industrial 1Q profit plunges 64% yoy; founder appointed chairman
» Hot Stock Sapura Industrial jumps 13.64% on solid 4Q earnings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum