KUALA LUMPUR: KEN HOLDINGS BHD []'s shares advanced on Tuesday, April 19 after its earnings surged to RM5.07 million in the first quarter ended March 31, 2011 from RM1 million a year ago.
At 10.30am, Ken was up seven sen to RM1.27 with 272,000 shares traded.
It reported on Monday, April 18 that its revenue jumped 500% to RM19.55 million from RM3.26 million. Earnings per share were 5.55 sen compared with 1.07 sen.
It had cash of RM41.64 million as at March 31, 2011.
'The revenue for the current quarter at RM19.6 million was higher compared to the preceding year corresponding quarter.'' The profit before tax for the current quarter at RM6.8 million was higher than the preceding year corresponding period of RM1.4 million due mainly to higher revenue recorded for the current quarter,' it said.
Ken said the Group's project in Shah Alam, Selangor, the mixed residential/commercial development consisting of Ken Rimba Legian's double storey link houses together with Ken Rimba Commercial Centre consisting of shop/office units are progressing on schedule.
At 10.30am, Ken was up seven sen to RM1.27 with 272,000 shares traded.
It reported on Monday, April 18 that its revenue jumped 500% to RM19.55 million from RM3.26 million. Earnings per share were 5.55 sen compared with 1.07 sen.
It had cash of RM41.64 million as at March 31, 2011.
'The revenue for the current quarter at RM19.6 million was higher compared to the preceding year corresponding quarter.'' The profit before tax for the current quarter at RM6.8 million was higher than the preceding year corresponding period of RM1.4 million due mainly to higher revenue recorded for the current quarter,' it said.
Ken said the Group's project in Shah Alam, Selangor, the mixed residential/commercial development consisting of Ken Rimba Legian's double storey link houses together with Ken Rimba Commercial Centre consisting of shop/office units are progressing on schedule.
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