Gadang Holdings achieves 80% increase in net profit for 1Q

KUALA LUMPUR: Gadang Holdings Bhd's net profit for the first quarter (1Q) ended Aug 31, 2010 increased 80% ito RM6.405 million from RM3.55 million a year ago.

The Group said on Thursday, Oct 28 that its revenue for the quarter increased 41% to RM82.63 million from RM58.41 million the previous year.

The basic earnings per share is 5.43 sen, up from 3.01 sen a year ago. The net assets per share went up to RM1.65 from RM1.60 last year.

Gadang Holdings Berhad is engaged in the provision of management services and investment holding as well as construction and property development.