Friday, July 29, 2011

Tasek rises on interim dividend plan

KUALA LUMPUR: TASEK CORPORATION BHD [] shares rose on Friday, July 29 after it declared a gross interim dividend of 20 sen per share in respect of the financial year ending Dec 31, 2011 after its net profit for the second quarter ended June 30, 2011 rose to RM24.21 million from RM23.11 million a year earlier.

At 9.15am, Tasek rose 14 sen to RM7.90.

It said on Thursday, July 28 that its revenue for the quarter, however, declined marginally to RM139.57 million from RM139.84 million in 2010. Earnings per share was 19.52 sen. Net assets per share was RM7.62.

For the six months ended June 30, Tasek's net profit rose 10.1% to RM47.61 million from RM43.24 million in 2010, although revenue dipped to RM265.96 million from RM269.31 million.

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