Wednesday, October 27, 2010

Tasek up on 3Q net earnings

KUALA LUMPUR: TASEK CORPORATION BHD [] shares rose on Wednesday, Oct 27 after its net profit for the third quarter ended Sept 30, 2010 jumped 40.7% to RM27.99 million from RM19.89 million a year ago due to the local cement price revision during the last quarter and also lower production cost.

At 9.30am, Tasek was up 20 sen to RM6.70 with 2,000 shares done.

Tasek said revenue rose 7.7% to RM143.78 million from RM133.48 million a year ago. Earnings per share were 17.52 sen compared with10.72 sen. Net assets per share was RM6.99.

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