Thursday, November 17, 2011

Fajarbaru 1Q earnings slump 63% to RM1.53m

KUALA LUMPUR (Nov 17): Fajarbaru Builder Group Bhd's earnings fell 63% to RM1.53 million in the first quarter ended Sept 30, 2011 from RM4.16 million a year ago.

It said on Thursday revenue was however, increased by 96.8% to RM55.17 million from RM28.03 million but earnings per share fell to 0.92 sen from 2.64 sen.

Its trade and other receivables rose to RM61.35 million from RM48.77 million on June 30.

Of the RM55.17 million in revenue, all of it was from the CONSTRUCTION [] businesses which resulted in pre-tax profit of RM2 million.

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