KUALA LUMPUR: PLB Engineering Bhd's net profit surged to RM3.06 million in the first quarter ended Nov 30, 2010 (1QFY2011) from RM256,000 a year earlier, despite lower revenue.
In a filing to Bursa Malaysia on Wednesday, Jan 26, the company said its revenue dropped 44.7% to RM14 million this quarter from RM25.34 million the previous year, as a majority of its construction and property development projects move towards the end of the construction stage.
"Reserve on consolidation arising upon acquisition of a new subsidiary contributes to the higher profit before tax for the current quarter," it added.
Its basic earnings epr share stood at 3.73 sen for the quarter, versus 0.31 sen the previous year.
In a filing to Bursa Malaysia on Wednesday, Jan 26, the company said its revenue dropped 44.7% to RM14 million this quarter from RM25.34 million the previous year, as a majority of its construction and property development projects move towards the end of the construction stage.
"Reserve on consolidation arising upon acquisition of a new subsidiary contributes to the higher profit before tax for the current quarter," it added.
Its basic earnings epr share stood at 3.73 sen for the quarter, versus 0.31 sen the previous year.
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Seksyen 8, Kota Damansara
Kota Damansara, Selangor
RM 850,000
4 beds |
3 bath |
2200 sqft
SALE
FEATURED
Seksyen 5, Kota Damansara
Kota Damansara, Selangor
RM 900,000
3 beds |
3 bath |
2000 sqft
RENT
FEATURED
Jalan SP 8 @ Bandar Saujana Putra
Jenjarom, Selangor
RM 2,200
4 beds |
3 bath |
1700 sqft
SALE
FEATURED
Gasing Indah
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
RM 1,500,000
4 beds |
3 bath |
2200 sqft
SALE
FEATURED
TAMAN LEKIR INDAH (P/L 3081&3082)
Manjung, Perak
RM 210,000
3 beds |
2 bath |
1300 sqft