Thursday, September 29, 2011

Astino earnings surge to RM15.08m as demand picks up

KUALA LUMPUR: ASTINO BHD []'s earnings surged to RM15.08 million in the fourth quarter ended July 31, 2001 from only RM1.37 million a year ago following an improvement in demand for its PVC doors and metal roof sheeting.

It said on Thursday, Sept 29 that revenue rose 28.5% to RM115.60 million from RM89.90 million mainly due to the increase in the demand of the group's products.'' Earnings per share were 11.40 sen compared with 1.08 sen.

For the financial year ended July 31, its net profit rose 69.3% to RM34.92 million from RM20.62 million a year ago. Its revenue increased 25.1%'' to RM419.17 million from RM334.83 million.

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