SBC Corp 3Q net profit up 237pct to RM6.8m

KUALA LUMPUR: SBC Corp Bhd posted net profit of RM6.81 million in the third quarter ended Dec 31, 2010 when compared with RM2.02 million a year following higher revenue from its construction projects.

It said on Thursday, Feb 17 revenue climbed 95% to RM54.80 million from RM28.03 million while earnings per share were 8.26 sen versus 2.45 sen a year ago.

For the nine-month period, its revenue rose 16.6% to RM89.03 million from RM76.34 million in the previous corresponding period. Its earnings increased by 66% to RM10.47 million from RM6.31 million.

"The higher revenue was due to the stage works for The Peak Vista I & II at Kota Kinabalu and the flyovers work at A Kiara East, Kuala Lumpur," it said.

"The current (3Q) quarter registered a revenue of RM54.80 million against RM20.58 million for the preceding quarter with an increase of RM34.22 million in revenue. The main contributor to the increase was The Peak Vista I & II, Kota Kinabalu of which the The Peak Vista I is looking forward to complete the whole phase and the commencement of The Peak Vista II," it said.

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