Fajarbaru Builder sees flat net profit

KUALA LUMPUR: Fajarbaru Builder Group Bhd saw flat net profit of RM5.28 million in its second quarter ended Dec 31, 2010 (2QFY2011) from RM5.15 million the previous year, on higher revenue.

Its revenue for the quarter, meanwhile, was up 53.8% to RM58.16 million from RM37.82 million a year earlier. Its basic earnings per share stood at 3.14 sen.

An interim single tier dividend of 12% be declared for the financial year ending June 30, 2011 (FY2011). This will be paid on March 18, 2011 to the shareholders.
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