KUALA LUMPUR: CENTURY LOGISTICS HOLDINGS BHD [] (Century) net profit for the second quarter ended June 30, 2011 rose 15.7% to RM8.68 million from RM7.50 million a year earlier, mainly due to increased business activities from new contract logistics customers.
It said on Tuesday, Aug 16 that its revenue for the quarter dipped to RM74.25 million from RM75.31 million in 2010 due to lower export shipments in the procurement logistics activities.
Earnings per share was 10.98 sen while net assets per share was RM2.36.
Century declared a single tier interim dividend of 5 sen per share in respect of the financial year ending Dec 31, 2011.
Reviewing its performance, Century said the group recorded its best ever quarterly performance to-date, having surpassed the RM10 million pre-tax profit mark during the current financial quarter ended June 30, 2011.
'Nevertheless, the group takes cognizance of the current uncertain global economic environment and will ensure that it takes the necessary measures to remain resilient, including focusing on providing value-added logistics solutions as well as maintaining cost efficiencies.
'Having assessed the current operating environment, the group remains confident of its business model and is on track to improve further during the current financial year,' it said.
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It said on Tuesday, Aug 16 that its revenue for the quarter dipped to RM74.25 million from RM75.31 million in 2010 due to lower export shipments in the procurement logistics activities.
Earnings per share was 10.98 sen while net assets per share was RM2.36.
Century declared a single tier interim dividend of 5 sen per share in respect of the financial year ending Dec 31, 2011.
Reviewing its performance, Century said the group recorded its best ever quarterly performance to-date, having surpassed the RM10 million pre-tax profit mark during the current financial quarter ended June 30, 2011.
'Nevertheless, the group takes cognizance of the current uncertain global economic environment and will ensure that it takes the necessary measures to remain resilient, including focusing on providing value-added logistics solutions as well as maintaining cost efficiencies.
'Having assessed the current operating environment, the group remains confident of its business model and is on track to improve further during the current financial year,' it said.
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