news

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.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE