Mutiara Goodyear collects revenue of RM64.5m in two months

KUALA LUMPUR: Mutiara Goodyear Development Bhd recorded revenue from its property development activities over the past two months ended Dec 12, 2010 at RM64.5 million, it announced on Thursday, Feb 17. Net profit for the period was RM7.2 million.

The group adopted the IC Interpretation 15 in April 2010 hence the unusual financial figures.

"There is no comparative figures disclosed for the current period and the cumulative year-to-date of the preceding quarter or year following the financial year end from April 30 to Dec 31 which was announced to Bursa Malaysia Securities Bhd on Dec 14, 2010," the group said.

Basic earning per share is 3.11 sen. The net assets per share for the current period is RM1.32 compared to the preceding financial year end figure of RM1.35.

Mutiara Goodyear is a Malaysia-based investment holding company. Through its subsidiaries it operates in two business segments: property development and property investment.

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