Wednesday, June 23, 2010

Ramunia posts RM16.4m net profit in 2Q

KUALA LUMPUR: RAMUNIA HOLDINGS BHD [] posted a net profit of RM16.41 million in the second quarter ended April 30, 2010 (2QFY2010) after reporting net loss of RM13.34 million a year ago, due to a one-off gain from disposal of assets to Sime Darby Engineering Sdn Bhd (SDE) of RM20.72 million.

Ramunia said on Wednesday, June 23 that revenue fell 44% to RM48.94 million from RM87.19 million while registering basic earnings per share of 2.53 sen versus a loss per share of 2.37 sen previously.

For the six months ended April 30, 2010, Ramunia recorded a net profit of RM19.83 million versus a net loss of RM19.11 million the same period last year while revenue dropped 54% to RM81.87 million from RM177.21 million.

The group's basic earnings per share for the half under review climbed to 3.06 sen from loss per share of 3.40 sen previously.

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