KUALA LUMPUR: Prinsiptek Corp Bhd recorded an increase in net profit of 12.7% for 1Q2010 at RM32.548 million versus RM25.591 million for the same period a year ago. Revenue collected for the quarter under review increased by 27.2% at RM32.548 million compared with RM25.591 million in the corresponding quarter a year ago.
In a listing on Bursa Malaysia on May 21, the group attributed the good performance to increased activities in its construction division.
The revenue of the immediate preceding quarter (4Q2009) was RM64.99 million, which meant a drop of 49.9% for the current quarter. The group explained in the Bursa listing that this was due to high revenue in the preceding quarter in line with the recognition of an overseas project completed then.
The group also stated that its construction division would be the main driver for the group’s results in the next financial year. Moreover, it will adopt a prudent approach in its operations and focus on core activities to enhance and strengthen the synergy among its group of companies.The group's principal activity is construction work. Other activities include developing residential and commercial properties, trading building materials, providing managerial and secretarial services and investment holding. The group operates in Malaysia.
TOP PICKS BY EDGEPROP
You buy Property , We Help you pay installments !
[ Europe Style Duplex Condo ] ROI 9% Cash Back
You Buy property , We help you pay Installments !!
Nilai, Negeri Sembilan
GOOD BUY DONT MISSED! Ipac 3 S/D, MUST SELL
Shah Alam, Selangor
Richmond Mont Kiara 4 rooms 3 bathrooms
Mont Kiara, Kuala Lumpur
[ Confirm Rental Get RM 3000 ] Students Condo
Ukay perdana sierra hijauan ampang semi d
Invest Dual Key Unit GRR 9 years RM280k
[ READY TENANT+ COVER INSTALLMENT ] Hotel Suites
Build your own semi d / bungalow in ampang
Cheras Semi D Below Market Price Left *7Units*
Cheras, Kuala Lumpur
Super Good Buy 6 acres S Alam Industrial Property
Shah Alam, Selangor
Jalan 219 PJ Fed Highway high traffic frontage!
Petaling Jaya, Selangor