Kumpulan Jetson posts 110.52% increase in revenue for 1Q2010

KUALA LUMPUR: Kumpulan Jetson Bhd posted higher revenue of RM52.82 million in the 1Q ended March 31, 2010, compared with RM25.09 million in the previous corresponding quarter, representing an increase of 110.52%.

Accordingly, the group’s profit before tax increased to RM1.06 million from a loss before tax of RM765,000 for the respective periods.

“The improvement in the performance was mainly attributed to the higher revenue contributions by the construction and property division as well as the manufacturing division,” said Kumpulan Jetson in a filing to Bursa Malaysia on May 27.

The global economy is still fundamentally fragile with recovery uneven while growth remains highly dependent on government support, it said.

The group will continue to exercise prudent management and focus on its affirmative measures to minimise the economy’s impact, it added.