Mudajaya 4Q net profit surges two-fold to RM41 million

KUALA LUMPUR: Mudajaya Group Bhd fourth quarter net profit surged two-fold to RM41.05 million from RM10.36 million a year ago increased level of activities.

It said on Feb 10 that revenue rose 65% to RM211.76 million from RM128.22 million while earnings per share were 11.02 sen versus 1.50 sen. It declared 10% dividend per share or two sen per share.

For FY09, net profit surged to RM116.9 million from RM45.12 million while revenue rose to RM719.98 million from RM422.38 million. Of the RM719.98 million, construction accounted for RM604 million.

"Barring any unforeseen circumstances, the financial performance of the group for 2010 is expected to improve further," it said.