KUALA LUMPUR: TH PLANTATION []s Bhd's net profit surged 68% to RM21.53 million for the third quarter ended Sept 30, 2010 (3Q10) from RM12.84 million a year ago mainly due to higher revenue, lower cost of sales and higher gross profit margin.
It said on Monday, Nov 1, revenue for 3Q10 rose 17% to RM84.22 million from RM72.12 million due to higher prices for crude palm oil (CPO) and palm kernel (PK).
Earnings per share were 4.41 sen versus 2.63 sen a year ago while net assets per share stood were 96 sen as at Sept 30.
For the nine months ended Sept 30, 2010, net profit rose 50% to RM46.93 million from RM31.26 million in the previous corresponding period, underpinned by revenue of RM237.44 million versus RM217.0 million a year ago.
TH Plantations' share price was unchanged at RM1.66 with turnover of 442,500 units.
It said on Monday, Nov 1, revenue for 3Q10 rose 17% to RM84.22 million from RM72.12 million due to higher prices for crude palm oil (CPO) and palm kernel (PK).
Earnings per share were 4.41 sen versus 2.63 sen a year ago while net assets per share stood were 96 sen as at Sept 30.
For the nine months ended Sept 30, 2010, net profit rose 50% to RM46.93 million from RM31.26 million in the previous corresponding period, underpinned by revenue of RM237.44 million versus RM217.0 million a year ago.
TH Plantations' share price was unchanged at RM1.66 with turnover of 442,500 units.
No comments:
Post a Comment