Tuesday, August 24, 2010

MRCB 2Q net profit just up 1.6% at RM12.24m

KUALA LUMPUR: MALAYSIAN RESOURCES CORP [] Bhd reported a marginal 1.67% increase in earnings at RM12.24 million in the second quarter ended June 30, 2010 compared with RM12.04 million a year ago.

It said on Tuesday, Aug 24 that revenue shrank 24.5% to RM173.87 million from RM230.24 million. Earnings per share were 0.89 sen compared with 1.33 sen. Net asset per share was 88.1 sen.

For the first half earnings rose 81% to 22.09 million from RM12.19 million. Revenue declined 5% to RM363.55 million from RM382.84 million.

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