Wednesday, June 23, 2010

Atlan?s 1Q earnings rise 60%

KUALA LUMPUR: ATLAN HOLDINGS BHD []'s net profit for the first quarter ended May 31, 2010 (1QFY11) rose 60% to RM24.21 million from RM15.19 million a year ago due to improved performance in the duty free and manufacturing segments.

According to a filing with Bursa Malaysia on Tuesday, June 22, revenue rose 11% to RM175.9 million from RM158.4 million while basic earnings per share climbed to 10.05 sen from 6.44 sen previously.

Primarily engaged with travel retailing, hospitality and lifestyle as well as property investment and development, the group said barring unforeseen circumstances, it expects to continue performing positively.

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