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Kretam Hldgs posts higher Q3 pre-tax profit
by hlk Fri 25 Nov 2011, 19:15
Palm oil plantation-based Kretam Holdings Bhd registered a higher pre-tax profit of RM25.3 million for the third quarter
ended Sept 30,2011 compared with RM16.2 million chalked up in the corresponding quarter last year.
Revenue almost doubled to RM63.6 million during the period under review from RM34.5 million registered previously.
In a filing to Bursa Malaysia, Kretam said the higher revenue was in line with the recovery in its fresh fruit bunch production.
On prospects, Kretam said 2011 was expected to be another record year in terms of financial performance as the group's pre-tax profit for the first nine months of the year exceeded that of the previous corresponding period. -- Bernama
ended Sept 30,2011 compared with RM16.2 million chalked up in the corresponding quarter last year.
Revenue almost doubled to RM63.6 million during the period under review from RM34.5 million registered previously.
In a filing to Bursa Malaysia, Kretam said the higher revenue was in line with the recovery in its fresh fruit bunch production.
On prospects, Kretam said 2011 was expected to be another record year in terms of financial performance as the group's pre-tax profit for the first nine months of the year exceeded that of the previous corresponding period. -- Bernama
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