KUALA LUMPUR: INGRESS CORPORATION BHD []'s net profit for the fourth quarter ended Jan 31, 2011 fell 18.1% to RM2.11 million from RM2.57 million a year ago, arising mainly from losses from its power engineering and projects division (PEP).
Its revenue for the quarter rose to RM189.39 million from RM162.83 million a year ago. Earnings per share was 2.74 sen while net assets per share was RM1.97.
For the financial year ended Jan 31, Ingress's net profit jumped to RM17.13 million from RM10.81 million, on the back of revenue RM761.48 million.
Reviewing its performance, Ingress said improvement in its revenue was mainly due from the automotive division, with 25% revenue increase supported by 14% revenue improvement for both ACM Thailand and ACM Indonesia.
On its prospects, Ingress said it expects the automotive division to further improve in the coming years on the prospect of improving in the Asian region.
'We also expect PEP Division to improve given the existing and recently awarded projects and the government initiatives under the transformation programme,' it said.
Its revenue for the quarter rose to RM189.39 million from RM162.83 million a year ago. Earnings per share was 2.74 sen while net assets per share was RM1.97.
For the financial year ended Jan 31, Ingress's net profit jumped to RM17.13 million from RM10.81 million, on the back of revenue RM761.48 million.
Reviewing its performance, Ingress said improvement in its revenue was mainly due from the automotive division, with 25% revenue increase supported by 14% revenue improvement for both ACM Thailand and ACM Indonesia.
On its prospects, Ingress said it expects the automotive division to further improve in the coming years on the prospect of improving in the Asian region.
'We also expect PEP Division to improve given the existing and recently awarded projects and the government initiatives under the transformation programme,' it said.
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