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Putrajaya Perdana’s net profit for 1Q up 46.6% to RM10.9 million

KUALA LUMPUR: Putrajaya Perdana Bhd saw its net profit for the first quarter ended March 31, 2010 (1QFY2010) rise 46.6% to RM10.9 million, from RM7.4 million over the same period last year despite lower revenue.

Its revenue for the quarter fell 48.75% to RM129 million, from RM251.7 million in the same quarter last year on the completion of three major projects over the last financial year. The improvement in profit was, however, due to better profit margin for current construction projects and road maintenance work.

Its basic earnings per share increased to 7.79 sen, from 5.31 sen a year earlier. It declared a final single-tier dividend of five sen per share.
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