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Hua Yang’s net profit for 3Q jumps 32.9%

KUALA LUMPUR: Hua Yang Bhd’s net profit for the third quarter ended Dec 31, 2009 (3QFY2010) jumped 32.9% to RM2.75 million from RM2.07 million the previous year, on higher revenue achieved.

Its revenue for the quarter increased 5.65% to RM27.27 million, from RM25.8 million a year ago. The improved financial performance was due to better sales and better gross profit margin of certain development projects.

Its basic earnings per share was 3.05 sen, from 2.3 sen. No dividend was declared.

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