TA Global net profit up 27% y-o-y

KUALA LUMPUR: TA Global Bhd’s net profit for its first quarter ended April 30, 2010 (1QFY11) grew 27% to RM18.56 million, from RM14.62 million the previous year.

The rise was attributed to its increased revenue, which rose 85.8% to RM91.5 million, compared to RM49.2 million a year earlier, following an increase in hotel-related revenue.

Its basic earnings per share was 0.39 sen, from 0.30 sen the previous year. It did not declare any dividend.
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