KUALA LUMPUR: FABER GROUP BHD [] posted net profit of RM14.15 million in the first quarter ended March 31, 2011 compared with RM14.39 million a year ago.
It said on Friday, May 6 that its revenue rose 7.7% to RM198.18 million from RM183.98 million a year ago. Earnings per share were 3.9 sen versus 3.97 sen.
Faber said its integrated facilities management concession recorded higher revenue by RM9.1 million due to higher variation orders, higher bed occupancy rates and additional new facilities at the government hospitals within the group's concession area.
The property division recorded higher revenue by RM19.2 million mainly due to the launch of new projects in second quarter and fourth quarter 2010.
Its integrated facilities management non-concession recorded a negative variance of RM14.0 million mainly due to relatively lower work orders completed in the current quarter versus a year ago.
It also said its pre-tax profit of RM25.6 million was higher by RM1.8 million as compared to RM23.9 million a year ago mainly due to flow through from higher revenue from integrated facilities management concession and property division.
It said on Friday, May 6 that its revenue rose 7.7% to RM198.18 million from RM183.98 million a year ago. Earnings per share were 3.9 sen versus 3.97 sen.
Faber said its integrated facilities management concession recorded higher revenue by RM9.1 million due to higher variation orders, higher bed occupancy rates and additional new facilities at the government hospitals within the group's concession area.
The property division recorded higher revenue by RM19.2 million mainly due to the launch of new projects in second quarter and fourth quarter 2010.
Its integrated facilities management non-concession recorded a negative variance of RM14.0 million mainly due to relatively lower work orders completed in the current quarter versus a year ago.
It also said its pre-tax profit of RM25.6 million was higher by RM1.8 million as compared to RM23.9 million a year ago mainly due to flow through from higher revenue from integrated facilities management concession and property division.
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