Monday, May 23, 2011

QL Resources 4Q net profit at RM31.55m

KUALA LUMPUR: QL RESOURCES BHD [] posted net profit of RM31.55 million in the fourth quarter ended March 31, 2011 versus RM26.44 million a year ago.

It said on Monday, May 23 that revenue rose to RM502.58 million from RM413.02 million a year ago. Earnings per share were 3.86 sen versus 3.38 sen.

Pretax profit was RM40.45 million, of which integrated livestock farming accounted for RM27.62 million,'' marine product manufacturing RM10.48 million and palm oil activities RM2.34 million.

For the financial year ended March 31, 2011, earnings rose to RM124.49 million compared with RM106.91 million. Revenue rose to RM1.77 billion from RM1.47 billion.

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