KUALA LUMPUR: Selangor PROPERTIES [] Bhd net profit for the fourth quarter ended Oct 31, 2010 jumped 47.7% to RM53.93 million from RM36.52 million a year earlier, mainly attributable to the revaluation surplus of RM29.7 million on its investment properties and higher unrealised foreign exchange gain.
Its revenue for the quarter fell to RM52.25 million from RM155.12 million last year. Earnings per share was 15.7 sen while net assets per share was RM5.12.
In a filing to Bursa Malaysia on Thursday, Dec 23, the company proposed a final dividend of 10 sen per share less 25% tax in respect of the financial year ended Oct 31, 2010, totaling RM25.77 million.
For the full year, Selangor Properties' net profit rose 29.3% to RM42.62 million from RM32.97 million a year earlier.
It said the main contributors were from property development, investment properties and education.
'Barring unforeseen circumstances, the group's prospect for next financial year remain positive,' it said.
Its revenue for the quarter fell to RM52.25 million from RM155.12 million last year. Earnings per share was 15.7 sen while net assets per share was RM5.12.
In a filing to Bursa Malaysia on Thursday, Dec 23, the company proposed a final dividend of 10 sen per share less 25% tax in respect of the financial year ended Oct 31, 2010, totaling RM25.77 million.
For the full year, Selangor Properties' net profit rose 29.3% to RM42.62 million from RM32.97 million a year earlier.
It said the main contributors were from property development, investment properties and education.
'Barring unforeseen circumstances, the group's prospect for next financial year remain positive,' it said.
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