Malaysian AE Models 2Q net profit jumps 70% to RM3.34m

KUALA LUMPUR (Jan 30): MALAYSIAN AE MODELS HOLDINGS []
Bhd (MAEMode) net profit for the second quarter ended Nov 30, 2011
jumped 70% to RM3.34 million from RM1.97 million a year earlier, due
mainly to higher revenue and better profit margins from logistics
projects.
The company said on Tuesday that its revenue for the quarter rose
44.24% to RM165.46 million from RM114.71 million in 2010.
Earnings per share was 3.12 sen compared to 1.84 sen a year earlier,
while net assets per share was RM2.21.
For the six months ended Nov 30, MAEMode’s net profit surged
RM7.76 million from RM2.82 million in 2010, on the back of revenue
RM317.09 million compared to RM224.33 million a year earlier.
On its outlook, the company said it was confident on the improvements of the global economy that may enhance its future
profit moving forward.
“With the current order book and barring any unforeseen circumstances, the board is optimistic that the group will remain
profitable for the remaining quarters of the financial year,” it said.