KUALA LUMPUR: SAPURA INDUSTRIAL BHD [] net profit for the first quarter ended April 30, 2011 rose 12.7% to RM5.24 million from RM4.65 million a year earlier, due mainly to product mix as well as cost improvement activities.
Revenue for the quarter however fell 9.3% to RM66.83 million from RM73.67 million in 2010 due to lower volume. Earnings per share was 7.20 sen, while net assets per share was RM1.14.
Commenting on its prospects, Sapura Industrial said on Wednesday, June 22 that market conditions would continue to be challenging despite the improvement in volume forecast for the remainder of the year.
'In bracing the challenges ahead, the group has intensified its efforts to further strengthen operational efficiency,' it said.
Revenue for the quarter however fell 9.3% to RM66.83 million from RM73.67 million in 2010 due to lower volume. Earnings per share was 7.20 sen, while net assets per share was RM1.14.
Commenting on its prospects, Sapura Industrial said on Wednesday, June 22 that market conditions would continue to be challenging despite the improvement in volume forecast for the remainder of the year.
'In bracing the challenges ahead, the group has intensified its efforts to further strengthen operational efficiency,' it said.
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