Mah Sing Q1 earnings up 45.5% to RM59.9m
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Mah Sing Q1 earnings up 45.5% to RM59.9m
KUALA LUMPUR: Mah Sing Group Bhd's earnings increased by 45.5% to RM59.92mil in the first quarter ended March 31, 2012 from RM41.17mil a year ago.
It said on Monday its revenue rose 46.8% to RM457.77mil from RM311.75mil. Earnings per share were 7.20 sen from 4.95 sen.
"Mah
Sing achieved property sales of slightly above RM1bil as at May 15,
2012, marking 40% of its 2012 full year sales target of RM2.5bil.
"The
group also has strong earnings visibility, with unbilled sales of
approximately RM2.48bil as at March 31, 2012 or 1.8 times the revenue
recognised from the property development division in 2011," it said.
It said on Monday its revenue rose 46.8% to RM457.77mil from RM311.75mil. Earnings per share were 7.20 sen from 4.95 sen.
"Mah
Sing achieved property sales of slightly above RM1bil as at May 15,
2012, marking 40% of its 2012 full year sales target of RM2.5bil.
"The
group also has strong earnings visibility, with unbilled sales of
approximately RM2.48bil as at March 31, 2012 or 1.8 times the revenue
recognised from the property development division in 2011," it said.
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Re: Mah Sing Q1 earnings up 45.5% to RM59.9m
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Re: Mah Sing Q1 earnings up 45.5% to RM59.9m
up sikit nia, resistance level and dont have BB worth (out of money)
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
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