Tuesday, December 13, 2011

Goldis 3Q net profit surges to RM237.4m on gain on disposal

KUALA LUMPUR (Dec 13): GOLDIS BHD [] net profit for the third quarter ended Oct 31, 2011 surged to RM237.4 million from RM11 million a year earlier, due mainly to the gain on disposal of a subsidiary amounting to RM221.2 million.

It said on Tuesday that revenue for the quarter rose 49.7% to RM75.82 million from RM50.64 million in 2010.

Earnings per share for the quarter under review jumped to 38.91 sen from 1.80 sen, while net assets per share was RM2.32.

The company declared a gross second interim dividend of half a sen and 9.50 sen single tier per ordinary share, to be paid Jan 18, 2012.

For the nine months ended Oct 31, Goldis posted net profit RM267.45 million compared to RM25.46 million in 2010, while revenue for the quarter increased to RM203.04 million from RM133.59 million.

Reviewing its performance, Goldis said the increase in revenue for the period was due to higher contribution from its property, ICT, paper and hotel segment.

On its prospects, the company said its performance for the financial year ending Jan 31, 2012 would be satisfactory.


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