Wednesday, November 24, 2010

PLUS Expressways 3Q earnings up 12.2% at RM349.6m

KUALA LUMPUR: PLUS Expressway Bhd's earnings rose 12.2% to RM349.67 million in the third quarter ended Sept 30, 2010 from RM311.57 million a year ago.

It said on Wednesday, Nov 24 revenue was 7% higher at RM872.64 million compared with RM815.17 million while earnings per share were 6.99 sen versus 6.23 sen.

PLUS said net toll revenue for Sept 30, 2010 was RM867.27 million of which toll compensation was RM223.10 million and collection RM644.16 million. There was also revenue of RM5.37 million from other non-toll operations.

In the previous quarter, net toll revenue was RM815.17 million of which RM604.62 million was from collection and RM210.55 million from compensation.

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