KUALA LUMPUR: Shares of cement manufacturer Tasek Corp Bhd climbed in afternoon trade on Friday, Feb 18 after its fourth quarter earnings for the period ended Dec 31, 2010 surged 325% to RM69.1 million and it also proposed bumper dividends.
At 2.32pm, it was up 32 sen to RM7.62 with 1,000 shares done.
The FBM KLCI rose 9.3 points to 1,5117.86. Turnover was 788.51 million shares valued at RM880.13 million. There were 374 gainers, 310 losers and 325 stocks unchanged
Tasek Corp said the much improved group results apart from the RM43.6 million gain from disposal of PLANTATION [] and other property, was mainly in line with the increase in group's total revenue compounded by better local cement sales margin. In addition, higher interest income also contributed to the better performance during the reporting quarter.
Revenue rose 15% to RM133.67 million from RM116.08 million. Earnings per share were 43.3 sen compared with 8.77 sen.
It proposed a bumper dividend, comprising of preference dividend of 6%, ordinary dividend 30% and special dividend 50%.
At 2.32pm, it was up 32 sen to RM7.62 with 1,000 shares done.
The FBM KLCI rose 9.3 points to 1,5117.86. Turnover was 788.51 million shares valued at RM880.13 million. There were 374 gainers, 310 losers and 325 stocks unchanged
Tasek Corp said the much improved group results apart from the RM43.6 million gain from disposal of PLANTATION [] and other property, was mainly in line with the increase in group's total revenue compounded by better local cement sales margin. In addition, higher interest income also contributed to the better performance during the reporting quarter.
Revenue rose 15% to RM133.67 million from RM116.08 million. Earnings per share were 43.3 sen compared with 8.77 sen.
It proposed a bumper dividend, comprising of preference dividend of 6%, ordinary dividend 30% and special dividend 50%.
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