Tuesday, November 22, 2011

Mudajaya 3Q net profit jumps 76% to RM63m on-yr

KUALA LUMPUR (Nov 22): MUDAJAYA GROUP BHD []'s net profit'' jumped 76% to RM63 million from RM46.54 million, aided by a currency translation gain of RM19.39 million compared with loss of RM14.95 million a year ago.

It said on Tuesday its revenue increased at the same pace, up 76.4% to RM337.21 million from RM191.15 million while earnings per share were 2.5 sen compared with 1.50 sen.

For the nine-month period, its earnings showed an increase of 8.7% to RM164.54 million from the RM151.36 million in the previous corresponding period. Revenue rose 43.3% to Rm916.39 million from RM639.14 million.

'The growth in revenue of 43.4% was mainly attributable to the increased level of activities during the current period whilst the profit before taxation was affected by the stronger ringgit Malaysia (RM) against US dollar and the lower contribution from some of the activities,' it said.

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