KUALA LUMPUR: KIAN JOO CAN FACTORY BHD [] net profit for the second quarter ended June 30, 2011 rose 20.7% to RM30.6 million from RM25.34 million a year earlier, due mainly to an overall improvement of revenue from all divisions.
It said that on Tuesday, Aug 16 that revenue for the quarter increased to RM261.86 million from RM237.13 million in 2010.
Earnings per share was 6.89 sen while net assets per share was RM2.01.
Kian Joo declared dividend of 6.25 sen per share, comprising a special tax exempt dividend of 3.75 sen and interim tax exempt dividend of 2.5 sen.
For the six months ended June, Kian Joo's net profit jumped 29.8% to RM61.30 million from RM47.23 million, on the back of revenue RM517.17 million.
Reviewing its performance, Kian Joo said the improvement in its results was due to a growth in overall sales, which resulted in better manufacturing efficiency in the cans, corrugated cartons and contract packing divisions.
On its current year prospects, Kian Joo said it expected its performance for 2011 to be better than in 2010 barring unforeseen circumstances.
It said that on Tuesday, Aug 16 that revenue for the quarter increased to RM261.86 million from RM237.13 million in 2010.
Earnings per share was 6.89 sen while net assets per share was RM2.01.
Kian Joo declared dividend of 6.25 sen per share, comprising a special tax exempt dividend of 3.75 sen and interim tax exempt dividend of 2.5 sen.
For the six months ended June, Kian Joo's net profit jumped 29.8% to RM61.30 million from RM47.23 million, on the back of revenue RM517.17 million.
Reviewing its performance, Kian Joo said the improvement in its results was due to a growth in overall sales, which resulted in better manufacturing efficiency in the cans, corrugated cartons and contract packing divisions.
On its current year prospects, Kian Joo said it expected its performance for 2011 to be better than in 2010 barring unforeseen circumstances.
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