Unico-Desa Q4 earnings up 20.5% to RM15.9m

KUALA LUMPUR: Unico-Desa Plantations Bhd's
earnings rose 20.5% to RM15.93mil in the fourth quarter ended March 31,
2012 from 13.22mil a year ago due to higher profit from its continuing
operations and lower taxation.
It said the profit before tax of
RM22.20mil for Q4, FY2012 was on par with a year ago. However, the
plantations segment PBT fell by 5% to RM16.10mil from RM17mil a year
ago duie to lower average selling prices.
Its higher purchase segment's PBT rose 17% to RM6.1 mil from Rm5.2mil a year ago due to an increase in the HP ratio.
Unico-Desa
said its revenue fell 9.1% to RM59.41mil from RM65.38mil. Earnings per
share were 1.84 sen compared with 1.53 sen. The board recommended a
single tier final dividend of 2.5 sen per share for FY ended March 31.
For
the financial year ended March 31, 2012, its earnings rose 42.9% to
RM75.75mil from RM52.98mil in FY11 while revenue rose 17.7% to
RM290.79mil from RM246.89mil.
On the outlook, it expected the ongoing replanting programme to inevitably impact the group's future profit.
"However,
based on the current crude palm oil and palm kernel prices, the
plantations activities will continue to generate positive contribution
to the group. Thus, the performance of the group for the next financial
year is expected to be satisfactory," it said.

open at 1.22 potential 1.28 , good trend, good prospect

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Unico-Desa sees 5.2m shares crossed at RM1.20 each

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KUALA LUMPUR: Unico-Desa Plantations Bhd saw 5.2 million of its shares transacted in an off-market deal on Tuesday.
Stock
market data showed the shares, representing a 0.6% stake, were
transacted at RM1.20 apiece. Its paid-up is 865.06 million shares.
At 12.14pm, Unico-Desa was up one sen to RM1.21 in regular trade.