Friday, February 18, 2011

Mudajaya 4Q net profit up 39% to RM57m, proposes 3c final dividend

KUALA LUMPUR: MUDAJAYA GROUP BHD []'s net profit for the fourth quarter ended Dec 31, 2010 rose 39% to RM57.09 million from RM41.05 million a year earlier, driven by the increased level of activities.

The CONSTRUCTION [] company said on Friday, Feb 18 that revenue rose to RM230.29 million from RM211.76 million a year ago. Earnings per share were 13.96 sen while net assets per share rose to RM1.75 from RM1.

Mudajaya proposed a final dividend of 3.0 sen per ordinary share of 20 sen each under the single tier system for FY10.

For the 12 months in 2010, Mudajaya's net profit surged 75% to RM208.45 million from RM119.18 million a year ago, on the back of revenue RM869.43 million.

On its prospects for the current financial year, Mudajaya said it was expected to improve as compared to the previous year.

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