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Gadang Holdings posts higher net profit

PETALING JAYA: Gadang Holdings Bhd, which was listed under the construction sector on the Main Board of Bursa Malaysia, posted a higher net profit of RM3.517 million in its second quarter ended Nov 30, 2009, up 87.67% from RM1.874 million in the preceding quarter.

Its revenue, however, eased by 6.88% to RM62.374 million against RM66.984 million recorded in the same period last year.

In a filing to Bursa Malaysia on Jan 28, Gadang said it anticipated the performance for the financial year to be better than the preceding year.

No dividend has been declared by the Board of Directors for the second quarter ended Nov 30, 2009.
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