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Cahya Mata posts higher Q3 pre-tax profit
by hlk Fri 25 Nov 2011, 19:18
Cahya Mata Sarawak Bhd posted an increase in its pre-tax profit to RM140.185 million for the first nine-months of 2011, compared with RM68.611 million last year. Revenue also rose to RM725.089 million from the RM659.431 million recorded in the corresponding period of 2010.
In a filing to Bursa Malaysia today, Cahya Mata Sarawak said for the third quarter ended Sept 30, 2011, it recorded a higher pre-tax profit of RM52.740 million versus RM30.638 million, previously.
Revenue for the three-month period was also up to RM240.759 million from RM232.460 million, last year.
"The Group's earnings was mainly driven by the manufacturing division followed by construction and road maintenance as well as the construction materials division.
"Whilst the operating environment faced by the Group remains challenging, the board expects that the Group's financial performance will continue to remain favourable and prospects for the year to be good," the company said. -- Bernama
In a filing to Bursa Malaysia today, Cahya Mata Sarawak said for the third quarter ended Sept 30, 2011, it recorded a higher pre-tax profit of RM52.740 million versus RM30.638 million, previously.
Revenue for the three-month period was also up to RM240.759 million from RM232.460 million, last year.
"The Group's earnings was mainly driven by the manufacturing division followed by construction and road maintenance as well as the construction materials division.
"Whilst the operating environment faced by the Group remains challenging, the board expects that the Group's financial performance will continue to remain favourable and prospects for the year to be good," the company said. -- Bernama
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