Cahya Mata posts Q1 pre-tax profit of RM49.9m

Cahya Mata Sarawak Bhd registered an improved pre-tax profit of RM49.897 million in the first quarter ended March 31,
2012 compared to RM43.066 million in the same period last year.

Revenue edged up to RM230.342 million from RM226.367 million, the group said in a filing to Bursa Malaysia here today.

Its
Group Managing Director Datuk Richard Curtis said while 2011 and the
first quarter of this year results have been stellar, these do not yet
reflect the full impact of the group's transformation process.

"With
the state's infrastructure growth plans, the Sarawak Corridor of
Renewable Energy (SCORE) developments underway and our strategic
diversification into rising trend industries, 2012 is already showing
signs of being another strong year," he said in a separate statement
here.

He said while the group's core business divisions of
construction materials manufacturing, property development,
construction and road maintenance continue to benefit from the state's
accelerating economic growth, its newest business
division, Samalaju Development, is poised to grow.

The
group's portfolio now spans over 40 companies involved in cement
manufacturing, construction materials, trading, construction, road
maintenance, property development, financial services, education and
other services. -- Bernama

what counter and id would this be?

cmsb (2853)

if volume picks up, its bullish, else pretty flat

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