KUALA LUMPUR: Kumpulan Johor Corporation (JCorp)'s profit before tax and zakat jumped 37.4% to RM962 million for the financial year ended December 2010 from RM700 million the previous year.
The figure was also the highest achieved since its establishment 40 years ago, according to a Bernama report on Monday, April 18.
Sales rose 6.1 per cent to RM7.524 billion from RM7.089 billion the previous year.
At company level, profit before tax and zakat rose 18 per cent to RM118 million compared with RM100 million the previous year while sales came down 22.4 per cent to RM388 million compared with RM500 million in 2009.
JCorp had said the decline in sales at company level was due to a major transaction in 2009 involving the mortgage of its industrial land to a Europe based company.
The rise in profit at group level is due to the contribution from excellent performances of companies in the group with the major contribution coming from Kulim (Malaysia) Bhd (Kulim), it said.
"The rise in crude palm oil towards end of 2010 and increased operational efficiencies helped to bring in good profits for the PLANTATION [] sector which owns estates in Malaysia, Papua New Guinea and the Solomon Islands," it said.
JCorp said the performances of QSR BRANDS BHD [] including KFC Holdings (Malaysia) Bhd also improved, enhancing their contribution to Kulim. - Bernama
The figure was also the highest achieved since its establishment 40 years ago, according to a Bernama report on Monday, April 18.
Sales rose 6.1 per cent to RM7.524 billion from RM7.089 billion the previous year.
At company level, profit before tax and zakat rose 18 per cent to RM118 million compared with RM100 million the previous year while sales came down 22.4 per cent to RM388 million compared with RM500 million in 2009.
JCorp had said the decline in sales at company level was due to a major transaction in 2009 involving the mortgage of its industrial land to a Europe based company.
The rise in profit at group level is due to the contribution from excellent performances of companies in the group with the major contribution coming from Kulim (Malaysia) Bhd (Kulim), it said.
"The rise in crude palm oil towards end of 2010 and increased operational efficiencies helped to bring in good profits for the PLANTATION [] sector which owns estates in Malaysia, Papua New Guinea and the Solomon Islands," it said.
JCorp said the performances of QSR BRANDS BHD [] including KFC Holdings (Malaysia) Bhd also improved, enhancing their contribution to Kulim. - Bernama
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