Friday, December 23, 2011

Greenyield posts net profit RM2.19m in 1Q

Larger Smaller Reset KUALA LUMPUR (Dec 23): GREENYIELD BHD [] net profit for the first quarter ended Oct 31, 2011 rose to RM2.19 million from RM786,000 a year earlier, due'' mainly to higher revenue.

It said on Friday that its revenue for the quarter rose to RM13.58 million from RM8.02 million in 2010.

Earnings per share rose to 1.32 sen from 0.48 sen, while net assets per share was 29.17 sen.

Reviewing its performance, Greenyield said the increase in revenue was due mainly to strong demand of PLANTATION [] related products and services from overseas market.

On its outlook, Greenyield described its financial prospects as challenging.

'The group will source and implement logical and available measures to minimise the impact of all known factors affecting the profit margin,' it said.


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