A&M Realty’s 4QFY09 net profit plummets 80% to RM2.88 million

KUALA LUMPUR: A&M Realty Bhd’s net profit for the fourth quarter ended Dec 31, 2009 (4QFY09) plummeted 80% to RM2.88 million from RM14.87 million the previous year, due to land disposal in the preceding year.

In a filing to Bursa Malaysia on Feb 23, its revenue for the quarter increased 7.8% to RM34.63 million, from RM32.12 million a year earlier.

Its basic earnings per share for the quarter dropped to 0.79 sen, from 4.1 sen. It did not declare any dividend.