DFZ Capital sees 152% y-o-y net profit increase

KUALA LUMPUR: DFZ Capital Bhd posted a net profit of RM23.28 million in the first quarter ended May 31, 2010, a 152% increase from RM9.2 million a year earlier.

The profit was attributed to contributions from the newly acquired subsidiaries, Tenggara Senandung Sdn Bhd and Seruntun Maju Sdn Bhd.

In a filing with Bursa Malaysia on Monday, June 21, the company recorded a revenue of RM127.8 million in the first quarter of its financial year ending Feb 28, 2011, an increase of 6.26% from RM120 million a year earlier. Earnings per share stood at 11.08 sen compared to 4.39 sen a year ago.

On the company's prospect, DFZ Capital said that it expected the operational performance in the forthcoming quarters to be satisfactory.

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