KUALA LUMPUR: TRADEWINDS (M) BHD [] saw its earnings increase by 42% to RM124.42 million in the second quarter ended June 30, 2011 from RM87.49 million a year ago, boosted by the favourable performances of the rice, PLANTATION [] and sugar divisions.
It said on Thursday, Aug 25 its revenue rose 23.9% to 1.593 billion from RM1.285 billion. Earnings per share were 41.97 sen compared with 29.51 sen. It declared dividend of 20 sen per share from 5.0 sen a year ago.
For the first half, its net profit increased by 30% to RM214.33 million from RM164.75 million. higher Profit before taxation rose to RM438.32 million from RM292.19 million.
'The increase was attributable to the improvements in the profit before taxation at the plantation and rice divisions by more than 100% and 67%, respectively, compared to the corresponding period last year,' it said.
Tradewinds said revenue rose at a slower pace of 18.1% to RM3.054 billion from RM2.585 billion.
'The increase was contributed by the plantation division, followed by rice and sugar divisions. The significant increase in revenue at the plantation division was due to higher selling price and production of palm products.
'As for the rice division, the increase in revenue was attributable to higher volume of rice and non-rice sold, whilst for the sugar division, the higher average selling price of sugar was the main cause for the higher revenue,' it said.
It said on Thursday, Aug 25 its revenue rose 23.9% to 1.593 billion from RM1.285 billion. Earnings per share were 41.97 sen compared with 29.51 sen. It declared dividend of 20 sen per share from 5.0 sen a year ago.
For the first half, its net profit increased by 30% to RM214.33 million from RM164.75 million. higher Profit before taxation rose to RM438.32 million from RM292.19 million.
'The increase was attributable to the improvements in the profit before taxation at the plantation and rice divisions by more than 100% and 67%, respectively, compared to the corresponding period last year,' it said.
Tradewinds said revenue rose at a slower pace of 18.1% to RM3.054 billion from RM2.585 billion.
'The increase was contributed by the plantation division, followed by rice and sugar divisions. The significant increase in revenue at the plantation division was due to higher selling price and production of palm products.
'As for the rice division, the increase in revenue was attributable to higher volume of rice and non-rice sold, whilst for the sugar division, the higher average selling price of sugar was the main cause for the higher revenue,' it said.
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