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.
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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