Tuesday, November 23, 2010

MPHB 3Q earnings up 70% to RM86.5m

KUALA LUMPUR: MULTI-PURPOSE HOLDINGS BHD [] posted net profit of RM86.49 million in the third quarter ended Sept 30, up 70% from RM50.73 million a year, boosted by its gaming and stockbroking operations.

It said on Tuesday, Nov 23 revenue was 4.6% higher at RM850.7 million compared with RM813.24 million a year ago. Earnings per share were 8.10 sen compared with 4.9 sen.

MPHB said profit before tax of the gaming division was RM89.1 million, up RM76.3 million from only RM12.8 million a year ago.

The 4D Jackpot sales launched in September last year, lower prizes payout ratio as well as reduced finance costs contributed to the substantial increase in profit.

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