KUALA LUMPUR: DFZ CAPITAL BHD []'s earnings surged 152% to RM23.28 million in the first quarter ended May 30, 2010 from RM9.23 million a year ago mainly due to contributions from the newly acquired subsidiaries, namely Tenggara Senandung Sdn Bhd and Seruntun Maju Sdn Bhd.
The dury-free outlet operator said on Monday, June 21revenue was slightly higher at RM127.81 million from RM120.27 million. Earnings per share were 11.08 sen versus 4.39 sen. It proposed 5.0 sen dividend.
However, when compared with the fourth quarter ended Feb 28, 2010, revenue for the current quarter fell about RM27.1 million as compared with immediate preceding quarter mainly due to more sales from customers during the year end school holidays and festive season in the preceding quarter.
However, profit before taxation recorded an increase by RM12.0 million, which was mainly due to the net gain of RM14.4 million arising from the disposal of Radiant Ranch Sdn. Bhd.
The dury-free outlet operator said on Monday, June 21revenue was slightly higher at RM127.81 million from RM120.27 million. Earnings per share were 11.08 sen versus 4.39 sen. It proposed 5.0 sen dividend.
However, when compared with the fourth quarter ended Feb 28, 2010, revenue for the current quarter fell about RM27.1 million as compared with immediate preceding quarter mainly due to more sales from customers during the year end school holidays and festive season in the preceding quarter.
However, profit before taxation recorded an increase by RM12.0 million, which was mainly due to the net gain of RM14.4 million arising from the disposal of Radiant Ranch Sdn. Bhd.
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