Tuesday, February 22, 2011

Kulim falls to RM15.30 in early trade, QSR, KFCH down

KUALA LUMPUR: KULIM (M) BHD [], whose shares had a strong run-up in recently on its corporate developments, fell to a low of RM15.30 in early trade on Tuesday, Feb 22 on profit taking.

At 9.23am, Kulim was down 14 sen to RM15.36 with 72,600 shares done.

Meanwhile, QSR Brands fell three sen to RM5.52 while QSR-WB declined nine sen to RM2.60. KFC HOLDINGS (M) BHD [] fell two sen to RM3.83.

Johor Corporation is the controlling shareholder in the three companies. QSR and KFCH are held through Kulim.

On Monday, QSR reported its earnings rose 34.6% to RM35.29 ''million in the fourth quarter ended Dec 31, 2010 from RM26.22 million a year ago mainly due to its KFCH and Pizza Hut operations in Malaysia.

Revenue rose 10.1% to RM831.40 million from RM754.75 million a year ago while earnings per share were 12.82 sen compared with 9.41 sen. It declared an interim dividend and single tier dividend totaling eight sen.

KFC Holdings (M) Bhd's earnings rose 39% to RM48.69 million from RM35.02 million a year ago, underpinned by its continuing strategy of network expansion and its effective KFC marketing programmes.

No comments:

Post a Comment