KUALA LUMPUR: Kimlun Corp Bhd posted net profit RM8.39 million for the third quarter ended Sept 30, 2010 on the back of revenue RM119.41 million mainly due to a higher contribution from the CONSTRUCTION [] segment.
It said on Friday, Nov 19 it expected the increase in construction activities in Malaysia and Singapore to have spill-over effects on the building and construction materials.
'The group continues to bid actively for construction projects and orders for pre-cast concrete products particularly for the supply of tunnel lining segments to Singapore MRT projects,' it said.
The Johor Bharu-based company said earnings per share in 3Q were 4.48 sen while net assets per share was 76 sen.
Kimlun expected the construction segment continued to be the main revenue contributor to the group, attributing 94.3% and 93.6% of the current quarter's and period's revenue,' it said.
For the nine months ended Sept 30, Kimlun's net profit was RM26.57 million on the back of RM374.62 million in revenue.
Kimlun, which was listed on the Main Market of Bursa Malaysia on June 26 this year, said its net profit in 3Q was 6.6% higher than the pro-rated pro-forma consolidated profit after tax of RM7.88 million a year ago.
Its three core businesses are manufacturing concrete products, buildings and infrastructure construction, and industrialised building systems
It said the increase in construction activities and its current order book, the board expected the group's performance to improve from 2009.
It said on Friday, Nov 19 it expected the increase in construction activities in Malaysia and Singapore to have spill-over effects on the building and construction materials.
'The group continues to bid actively for construction projects and orders for pre-cast concrete products particularly for the supply of tunnel lining segments to Singapore MRT projects,' it said.
The Johor Bharu-based company said earnings per share in 3Q were 4.48 sen while net assets per share was 76 sen.
Kimlun expected the construction segment continued to be the main revenue contributor to the group, attributing 94.3% and 93.6% of the current quarter's and period's revenue,' it said.
For the nine months ended Sept 30, Kimlun's net profit was RM26.57 million on the back of RM374.62 million in revenue.
Kimlun, which was listed on the Main Market of Bursa Malaysia on June 26 this year, said its net profit in 3Q was 6.6% higher than the pro-rated pro-forma consolidated profit after tax of RM7.88 million a year ago.
Its three core businesses are manufacturing concrete products, buildings and infrastructure construction, and industrialised building systems
It said the increase in construction activities and its current order book, the board expected the group's performance to improve from 2009.
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