KUALA LUMPUR: CI Holdings Bhd's earnings jumped 43% to RM11.77 million in the first quarter ended Sept 30, 2010 compared with RM8.22 million a year ago, boosted by higher revenue as its beverages division recorded strong growth.
The company said on Wednesday, Nov 3 that revenue rose 24% to RM153.38 million from RM123.78 million. Earnings per share were 8.29 sen versus 5.79 sen.
CI Holdings said the higher revenue was underpinned by the 'beverages division's continued growth in its non-carbonated portfolio, strong growth in isotonic beverages, successful Hari Raya festive selling campaigns, successful promotional campaigns and an aggressive distribution drive'.
The company added its historic base of carbonated brands also contributed positively.
The higher profit after tax was mainly attributable to the continued revenue growth and prudent cost management of both the beverages and tap-ware and sanitary ware divisions.
The company said on Wednesday, Nov 3 that revenue rose 24% to RM153.38 million from RM123.78 million. Earnings per share were 8.29 sen versus 5.79 sen.
CI Holdings said the higher revenue was underpinned by the 'beverages division's continued growth in its non-carbonated portfolio, strong growth in isotonic beverages, successful Hari Raya festive selling campaigns, successful promotional campaigns and an aggressive distribution drive'.
The company added its historic base of carbonated brands also contributed positively.
The higher profit after tax was mainly attributable to the continued revenue growth and prudent cost management of both the beverages and tap-ware and sanitary ware divisions.
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