KUALA LUMPUR: ''SAPURA RESOURCES BHD [] posted net profit RM21.89 million in the fourth quarter ended Jan 31, 2011 compared to net loss RM397,000 a year ago, mainly due to realisation of a gain from disposal of a freehold land, profit from its education business and write-back of impairment in an associate.
Revenue for the quarter fell to RM30.7 million from RM65.98 million a year ago. Earnings per share was 15.68 sen, while net assets per share was RM1.27.
For the financial year ended Jan 31, Sapura's net profit surged to RM38.87 million from RM6.04 million, on the back of revenue RM200.86 million.
On its prospects, Sapura said on Thursday, March 31 that following the property disposal and completion of its divestment of its 51% equity interest in APIIT and UCTI, it would be involved in the education business via its 49% interest in APIIT and UCTI.
The company said it expects to record an overall satisfactory result for the financial year ending Jan 31, 2012.
Revenue for the quarter fell to RM30.7 million from RM65.98 million a year ago. Earnings per share was 15.68 sen, while net assets per share was RM1.27.
For the financial year ended Jan 31, Sapura's net profit surged to RM38.87 million from RM6.04 million, on the back of revenue RM200.86 million.
On its prospects, Sapura said on Thursday, March 31 that following the property disposal and completion of its divestment of its 51% equity interest in APIIT and UCTI, it would be involved in the education business via its 49% interest in APIIT and UCTI.
The company said it expects to record an overall satisfactory result for the financial year ending Jan 31, 2012.
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