KUALA LUMPUR: DELEUM BHD [] net profit for the second quarter ended June 30, 2011 surged 79% to RM7.37 million from RM4.12 million a year earlier, mainly contributed by its power and machinery segment from improved margins on retrofit projects and gas turbine overhaul sales.
Deleum said on Thursday, Aug 18 that revenue for the quarter however declined to RM80.59 million from RM82.89 million in 2010. Earnings per share was 7.38 sen while net assets per share was RM1.77.
Deleum declared a first interim single tier dividend of 5 sen per share of RM1 each to be paid on Sept 21, 2011.
For the six months ended June 30, Deleum's net profit rose to RM13.09 million from RM8.82 million in 2010, on the back of revenue of RM209.04 million.
On its prospects, Deleum said that as set out in the Economic Transformation Programme, Petronas had undertaken a number of initiatives in support of the government's plan to raise the production of oil and gas.
'These initiatives include increased exploration activities, development of small fields and enhanced oil recovery.
'Against this backdrop, we anticipate increased business opportunities for the group,' it said.
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Deleum said on Thursday, Aug 18 that revenue for the quarter however declined to RM80.59 million from RM82.89 million in 2010. Earnings per share was 7.38 sen while net assets per share was RM1.77.
Deleum declared a first interim single tier dividend of 5 sen per share of RM1 each to be paid on Sept 21, 2011.
For the six months ended June 30, Deleum's net profit rose to RM13.09 million from RM8.82 million in 2010, on the back of revenue of RM209.04 million.
On its prospects, Deleum said that as set out in the Economic Transformation Programme, Petronas had undertaken a number of initiatives in support of the government's plan to raise the production of oil and gas.
'These initiatives include increased exploration activities, development of small fields and enhanced oil recovery.
'Against this backdrop, we anticipate increased business opportunities for the group,' it said.
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