Wednesday, August 10, 2011

Berjaya Assets advances on strong 4Q results

KUALA LUMPUR: Berjaya Assets Bhd shares rose on Wednesday, Aug 10 after the company posted net profit RM198.04 million in the fourth quarter ended June 30, 2011, due mainly to a favourable fair value adjustment of investment PROPERTIES [] totaling RM243.6 million.

At 9.28am, Berjaya Assets added 4.5 sen to 85 sen with 166,100 shares done.

The company yesterday proposed a final gross dividend of four sen per share.

For FY ended June 30, Berjaya Assets posted net profit RM288.02 million compared to RM235.67 million a year earlier, on the back of revenue RM353.99 million.


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