Perak Corp net profit up to RM3.6m for 3Q

KUALA LUMPUR: Perak Corporation Bhd's net profit crept up to RM3.6 million for the third quarter (3Q) ended Sept 30, 2010, from RM3.3 million a year ago despite lower revenue, it said in a filing to Bursa Malaysia on Wednesday, Nov 23.

Its revenue fell to RM21.13 million from RM23.44 million a year ago.

However, year-to-date, its net profit rose 22% to RM25.24 million from RM19.55 million on higher revenue of RM74.8 million from RM71.4 million a year ago.

Its improved performance was attributed to higher contribution from its infrastructure division.

Its basic earnings per share stood at 3.64 sen, from 3.34 sen a year ago.

The group expected to perform satisfactorily this financial year.
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