KUALA LUMPUR: TA ENTERPRISE BHD []'s earnings surged 92.5% to RM29.14 million for the fourth quarter ended Jan 31, 2011 from RM15.13 million a year ago mainly due to higher contribution from the stockbroking division and TA Global Group Bhd.
It said on Friday, March 25 revenue rose 34.7% to RM167.74 million from RM124.45 million while earnings per share (EPS) were 1.7 sen compared with 0.88 sen.
TA Enterprise said that stockbroking and TA Global Group's hotel operation were the main contributors to the Group's profit, leading at approximately 40% and 38% respectively of the group's pre-tax profit.
'The contribution from the TA Global Group was higher because the group had higher number of hotels in operation subsequent to the group's hotel acquisition exercises,' it said.
For the financial year ended Jan 31, 2011, its earnings shrank 17.6% to RM78.24 million from RM95.02 million though revenue showed a 38.7% increase to RM606.94 million from RM437.28 million.
As for the prospects, it expected the stockbroking division to benefit from the local economy, which has been growing steadily while there is ample liquidity in the financial system. It expected the FBM KLCI to rise for the coming year
'TA Global Group will benefit from the buoyant local property market. Its hotel operations located outside Malaysia have shown improvement in revenue lately. Nonetheless, the group is concerned about the uncertainties caused by the political unrest in Northern Africa and Middle East,' it said.
As for TA Global, it recorded a marginal improvement in the net profit of RM23.53 million for the fourth quarter ended Jan 31, 2011 from the RM22.37 million a year ago. Revenue rose 70.7% to RM127.22 million from RM74.53 million while its EPS were 0.44 sen compared with 0.46 sen a year ago.
For FY ended Jan 31, 2011, the earnings rose 48.5% to RM88.26 million from RM59.41 million in the previous financial year while revenue increased 44% to RM423.20 million from'' RM293.78 million.
The higher earnings and revenue were mainly due to higher contribution from hotel division as a result of the recent hotel acquisition exercise.
It said on Friday, March 25 revenue rose 34.7% to RM167.74 million from RM124.45 million while earnings per share (EPS) were 1.7 sen compared with 0.88 sen.
TA Enterprise said that stockbroking and TA Global Group's hotel operation were the main contributors to the Group's profit, leading at approximately 40% and 38% respectively of the group's pre-tax profit.
'The contribution from the TA Global Group was higher because the group had higher number of hotels in operation subsequent to the group's hotel acquisition exercises,' it said.
For the financial year ended Jan 31, 2011, its earnings shrank 17.6% to RM78.24 million from RM95.02 million though revenue showed a 38.7% increase to RM606.94 million from RM437.28 million.
As for the prospects, it expected the stockbroking division to benefit from the local economy, which has been growing steadily while there is ample liquidity in the financial system. It expected the FBM KLCI to rise for the coming year
'TA Global Group will benefit from the buoyant local property market. Its hotel operations located outside Malaysia have shown improvement in revenue lately. Nonetheless, the group is concerned about the uncertainties caused by the political unrest in Northern Africa and Middle East,' it said.
As for TA Global, it recorded a marginal improvement in the net profit of RM23.53 million for the fourth quarter ended Jan 31, 2011 from the RM22.37 million a year ago. Revenue rose 70.7% to RM127.22 million from RM74.53 million while its EPS were 0.44 sen compared with 0.46 sen a year ago.
For FY ended Jan 31, 2011, the earnings rose 48.5% to RM88.26 million from RM59.41 million in the previous financial year while revenue increased 44% to RM423.20 million from'' RM293.78 million.
The higher earnings and revenue were mainly due to higher contribution from hotel division as a result of the recent hotel acquisition exercise.
No comments:
Post a Comment