Friday, March 11, 2011

George Kent 4Q net profit RM9.38m, up 29.5pct from RM7.24m yr ago

KUALA LUMPUR: GEORGE KENT (M) BHD []'s earnings rose 29.5% to RM9.38 million in the fourth quarter ended Jan 31, 2011 from RM7.24 million a year ago due to higher sales achieved for project related works.

It said on Friday, March 11 that revenue rose 16% to RM47.92 million from RM41.25 million due to higher sale of meters, original equipment manufacturers (OEM) products and project related jobs.

Its earnings per share were 4.2 sen and it proposed dividend of three sen per share.

For FY10, its earnings rose 26.3% to RM25.10 million from RM19.86 million.'' Revenue for the year rose to RM165.04 million from RM125.07 million.

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