Friday, February 11, 2011

EPIC 4Q earnings up 55pct to RM14.87m, boost from port, oil and gas ops

KUALA LUMPUR: Eastern Pacific Industrial Corp Bhd reported earnings of RM14.87 million in the fourth quarter ended Dec 31, 2011, a 55.4% increase from the RM9.56 million a year ago underpinned by an increase in port operations and oil and gas activities.

It said on Thursday, Feb 10 that revenue rose 7.6% to RM53.31 million from RM49.54 million a year ago. Earnings per share were 8.77 sen compared with 5.65 sen a year ago.

For the financial year ended Dec 31, 2010, its earnings rose 25% to RM52.84 million from RM42.14 million while revenue climbed 28% to RM235.136 million from RM183.46 million.

It has cash of RM98.58 million as at Dec 31, 2010 but its trade and other receivables were RM57.56 million.

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