Wednesday, November 30, 2011

Eastern & Oriental 2Q earnings jump 172% to RM13.8m

KUALA LUMPUR (Nov 30): Eastern & Oriental Bhd (E&O) saw its earnings surge 172% to RM13.83 million from RM5.08 million a year ago.

It said on Wednesday that revenue increased by 25.5% to RM82.60 million from RM65.81 million while earnings per share were 1.27 sen compared with 0.48 sen.

For the first half, its earnings more than tripled, or 329% to RM65.73 million from RM15.31 million in the previous corresponding period while revenue was 41.3% higher at RM158.48 million from RM112.12 million.

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