Ken Holdings sees net profit for 4QFY09 double to RM4.75 million

KUALA LUMPUR: Ken Holdings Bhd saw the net profit for its fourth quarter ended Dec 31, 2009 (4QFY09) double to RM4.75 million, from RM2.28 million a year earlier, despite the lower revenue.

The higher profit was due to the write back of allowance provided earlier for doubtful debt, it said in a filing to Bursa Malaysia on Feb 23. Its revenue for the quarter dropped 57.8% to RM5.24 million, from RM12.4 million the previous year.

It has declared a first and final dividend comprising two sen per share tax-exempt dividend and another 2 sen dividend per share less tax 25% for the financial year. The dividend declaration is subjected to shareholders’ approval.

Its basic earnings per share for the quarter increased to 5.07 sen, from 2.37 sen.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.