Crescendo Corp net profit leaps 286% to RM14.3m in 4Q

KUALA LUMPUR: Crescendo Corporation Bhd achieved a net profit increase of 286% to RM14.3 million from RM3.7 million a year ago in its fourth quarter (4Q) financial statements ended January 31. The Group announced this on Thursday, Mar 31 along with its revenue upped 31.2% to RM56.7 million from RM43.2 million the previous year.

"The higher revenue is mainly contributed from higher sales in construction services and industrial properties," the group said. "The increase in profit is contributed by higher sales as well as improved margin especially from industrial properties and construction operation."

The basic earning per share rose to 8.40 sen from 2.40 sen a year ago. The net assets per share, however, dropped to RM2.87 for 4Q, compared to RM2.91 from the preceding financial year end.

Crescendo engages in the investment, development, and management of properties in Malaysia.

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