Malaysia: Boustead Group Net Profit Up 12.5%
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Wednesday, 03 December 2008 |
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Boustead Holdings Bhd’s net profit rose 12.5% year-on-year to RM163.99
million in its third quarter ended Sept 30, 2008 (3QFY08) on the back
of revenue surging 30.9% to nearly RM2 billion due to improved
performance of its plantation, heavy industries and property divisions.
It posted a revenue of RM1.95 billion in 3QFY08 versus RM1.49 billion in 3QFY07, while earnings per share (EPS) rose to 25.48 sen from 24.36 sen. It declared a dividend of 7.5 sen bringing total dividends for the nine-month period to 17.5 sen compared with 12 sen for the same period last year. At pre-tax level, Boustead’s profit rose 31% y-o-y to RM658 million for the nine-month period.
In a statement, Boustead managing director Tan Sri Lodin Wok Kamaruddin said the group had been able to deliver on its earnings because of the diversified nature of the Boustead group, a testament to its focus on improving its core businesses with better cost management and operational efficiencies.
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