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Mitrajaya 3Q net profit drops 16% to RM15.9m

KUALA LUMPUR: Mitrajaya Holdings Bhd recorded a drop in net profit of 16% to RM15.9 million compared to RM19,028 million a year ago in its third quarter (3Q) financial results ended Sept 30, 2010, the group announced on Monday, Nov 29.

Revenue earned during the same period, however, increased by 7% to RM83.362 million from RM77.629 million a year ago.

The group attributed the increase in revenue to its construction division.

The basic earning per share for the 3Q dropped to 13.24 sen from 15.33 sen a year ago. The net assets per share increased to RM2.26 from RM2.06 as at the preceding financial year end.

Mitrajaya Holdings is a Malaysia-based investment holdings company, whose principal activities include investment holdings, civil engineering, building and road construction works, as well as property development and property management.
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