Drop of 58% for Perduren 2Q in net profit

KUALA LUMPUR: Perduren Bhd recorded a drop in net profit by 58% to RM387,000 from RM922,000 a year ago in its second quarter (2Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.

Revenue earned for the same period dropped by 5% to RM5.078 million from RM5.365 million a year ago.

Basic earnings per share dropped to 0.29 sen for the quarter under review from 0.68 sen a year ago. Net assets per share, however, rose to RM1.5414 from RM1.5337 as at the preceding financial year end.

The group's principal business activity during the financial period under review remains the holding of investment properties comprising of Plaza Sentosa and units in Holiday Plaza — both located in Johor Bahru; a 6-storey office building located at Shamelin Business Centre in Kuala Lumpur; and a 4-storey shop office building located at Dana 1 Commercial Centre in Kelana Jaya.