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NewsGoldis 3Q net profit surges to RM237.4m on gain on disposal
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Goldis 3Q net profit surges to RM237.4m on gain on disposal
by hlk Tue 13 Dec 2011, 19:35
KUALA LUMPUR (Dec 13): GOLDIS BHD []
net profit for the third quarter ended Oct 31, 2011 surged to RM237.4
million from RM11 million a year earlier, due mainly to the gain on
disposal of a subsidiary amounting to RM221.2 million.
It said on Tuesday that revenue for the quarter rose 49.7% to RM75.82 million from RM50.64 million in 2010.
Earnings per share for the quarter under review jumped to 38.91 sen from 1.80 sen, while net assets per share was RM2.32.
The company declared a gross second interim dividend of half a sen
and 9.50 sen single tier per ordinary share, to be paid Jan 18, 2012.
For the nine months ended Oct 31, Goldis posted net profit RM267.45
million compared to RM25.46 million in 2010, while revenue for the
quarter increased to RM203.04 million from RM133.59 million.
Reviewing its performance, Goldis said the increase in revenue for
the period was due to higher contribution from its property, ICT, paper
and hotel segment.
On its prospects, the company said its performance for the financial year ending Jan 31, 2012 would be satisfactory.
net profit for the third quarter ended Oct 31, 2011 surged to RM237.4
million from RM11 million a year earlier, due mainly to the gain on
disposal of a subsidiary amounting to RM221.2 million.
It said on Tuesday that revenue for the quarter rose 49.7% to RM75.82 million from RM50.64 million in 2010.
Earnings per share for the quarter under review jumped to 38.91 sen from 1.80 sen, while net assets per share was RM2.32.
The company declared a gross second interim dividend of half a sen
and 9.50 sen single tier per ordinary share, to be paid Jan 18, 2012.
For the nine months ended Oct 31, Goldis posted net profit RM267.45
million compared to RM25.46 million in 2010, while revenue for the
quarter increased to RM203.04 million from RM133.59 million.
Reviewing its performance, Goldis said the increase in revenue for
the period was due to higher contribution from its property, ICT, paper
and hotel segment.
On its prospects, the company said its performance for the financial year ending Jan 31, 2012 would be satisfactory.
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