Mudajaya achieves net profit of RM57m for 4Q

KUALA LUMPUR: Mudajaya Group Bhd achieved a net profit increase of 39% to RM57.091 million from RM41.054 million a year ago, it stated in its fourth quarter (4Q) financial statements ended Dec 31, 2010 released on Friday, Feb 18.

Revenue collected for 4Q rose 8.75% to RM230.295 million from RM211.763 million last year.

The group attributed the increase to increase activities over the period under review.

Basic earning per share rose to 13.96 sen from 11.02 sen the previous year. Net assets per share was RM1.75 compared to the preceding financial year end figure of RM1.00.

Mudajaya, an investment holding company, engages in civil engineering and building construction businesses.