Naim’s 3Q profit up 44% to RM21m

KUALA LUMPUR: Naim Holdings Bhd posted a 44% rise in net profit to RM21.4 million in its third quarter (3Q) ended Sept 30, 2009 from RM14.88 million a year earlier on the back of a 10.8% rise in revenue to RM144.46 million from RM130.33 million.

Basic earnings per share (EPS) rose to 9.02 sen from 6.11 sen. It had on Sept 15, 2009 paid a first interim single-tier dividend of three sen per share.

For the nine months to Sept 30, 2009, net profit rose 11.6% to RM59.89 million from RM53.66 million a year earlier, while revenue fell 1.7% to RM374.11 million from RM380.59 million. EPS rose to 25.26 sen from 22.04 sen.
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