Wednesday, August 25, 2010

KFCH up in early trade

KUALA LUMPUR: KFC Holdings (Malaysia) Bhd's (KFCH) share price rose in early trade on Wednesday, Aug 25 after the company's 2Q earnings grew 12.7% to RM35.73 million from RM31.68 million a year ago, underpinned by higher throughput and better cost efficiencies from its KFC restaurant business.

At 9.18am, KFCH was up two sen to RM10.72 with 35,000 shares traded.

It said on Tuesday that revenue rose 7.8% to RM606.21 million from RM561.41 million. Earnings per share were 18.02 sen compared with 15.98 sen. It declared dividend of 10 sen a share.

For the first half, revenue rose 10.9% to RM1.207 billion from RM1.088 billion in the previous corresponding period.

The group registered a profit before tax of RM102.2 million in the current period as against previous year's corresponding period of RM85.8 million. Net profit was up 15.8% to RM69.97 million compared with RM60.38 million.

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