Mudajaya 2Q net profit jumps 95% to RM26.5m

KUALA LUMPUR: Mudajaya Group Bhd posted a strong 2Q earnings of RM26.48 million, a surge of 95% from RM13.59 million a year ago, as earnings from its construction sector picked up.

It said on Aug 26 revenue rose to RM182.73 million from RM101.24 million. Earnings per share were 7.11 sen versus 3.64 sen.

For the first half, net profit was RM40.52 million compared with RM26.66 million. Revenue was RM308.1 million compared with RM181.68 million.

It said the group 1H profit before taxation rose 47% to RM56.5 million from RM38.4 million respectively a year ago. The growth in revenue and profit before taxation were mainly attributable to the increased level of activities.
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