Atlan 1Q net profit improves 59.3% y-o-y

KUALA LUMPUR: Atlan Holdings Bhd's first quarter net profit for the year ending Feb 28, 2011 (1QFY11) improved by 59.3% to RM24.2 million from RM15.2 million recorded a year earlier, underpinned by the improved performance in the duty-free and manufacturing segments.

In a filing with Bursa Malaysia on Tuesday, June 22, the property investment and development company saw its revenue increase by 14.7% to RM175.96 million from RM153.3 million posted in the same quarter of the preceding year.

Earnings per share stood at 10.05 sen from 6.44 sen a year ago.

The company, which is also involved in manufacturing, said that it expected the group to continue its positive performance in the future.
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