Boustead Holdings Bhd posted an increase of 28.6 per cent in its unaudited after tax profit of RM501.8 million for its nine months to Sept 30, 2011 from RM390.2 million in the previous corresponding period.
Revenue for the nine months increased by 34 per cent to RM6 billion from RM4.49 billion in the previous corresponding period.
Earnings per share for the nine-month period was 44.5 sen compared with 35.3 sen the previous corresponding period.
For its third quarter, Boustead’s after-tax profit rose 15.81 per cent to RM144.3 million from RM124.6 million registered for the same quarter in the previous financial year. Pre-tax profit was RM167.1 million compared with RM153.7 million registered in the previous corresponding quarter.
Boustead's board of directors declared a dividend of 12 sen per share for the quarter under review, reflecting a total dividend payout of 30 sen per share for the nine-month period.
"The group is committed to ensure that we will maintain our dividend policy payout for the financial year.
"This will be all the more possible given our diversified nature where we are not solely dependent on one income stream and as such contributions from multiple streams of businesses will have a positive impact on the group’s bottom line," said deputy chairman/group managing director Tan Sri Lodin Wok Kamaruddin.
"We look to close the financial year on a positive note as we intend to work harder and channel our resources and energies to improve our bottom line and business prospects particularly from organic growth,” he said in a statement today.
For the nine-month period, the group’s plantation division delivered a strong profit of RM267 million compared with RM132 million previously amid higher prices for the commodity.
The property division delivered a profit of RM58 million for the period compared with RM49 million previously amid improved contribution from the segment in tandem with the progress of construction jobs.
The manufacturing and trading division delivered a profit of RM76 million with strong contribution from BHPetrol as a result of higher sales volume and stockholding gains.
Its pharmaceutical division registered a profit of RM51 million compared with RM14 million in the corresponding period last year due to higher sales revenue and better margins with improved productivity and prices.--Bernama
Revenue for the nine months increased by 34 per cent to RM6 billion from RM4.49 billion in the previous corresponding period.
Earnings per share for the nine-month period was 44.5 sen compared with 35.3 sen the previous corresponding period.
For its third quarter, Boustead’s after-tax profit rose 15.81 per cent to RM144.3 million from RM124.6 million registered for the same quarter in the previous financial year. Pre-tax profit was RM167.1 million compared with RM153.7 million registered in the previous corresponding quarter.
Boustead's board of directors declared a dividend of 12 sen per share for the quarter under review, reflecting a total dividend payout of 30 sen per share for the nine-month period.
"The group is committed to ensure that we will maintain our dividend policy payout for the financial year.
"This will be all the more possible given our diversified nature where we are not solely dependent on one income stream and as such contributions from multiple streams of businesses will have a positive impact on the group’s bottom line," said deputy chairman/group managing director Tan Sri Lodin Wok Kamaruddin.
"We look to close the financial year on a positive note as we intend to work harder and channel our resources and energies to improve our bottom line and business prospects particularly from organic growth,” he said in a statement today.
For the nine-month period, the group’s plantation division delivered a strong profit of RM267 million compared with RM132 million previously amid higher prices for the commodity.
The property division delivered a profit of RM58 million for the period compared with RM49 million previously amid improved contribution from the segment in tandem with the progress of construction jobs.
The manufacturing and trading division delivered a profit of RM76 million with strong contribution from BHPetrol as a result of higher sales volume and stockholding gains.
Its pharmaceutical division registered a profit of RM51 million compared with RM14 million in the corresponding period last year due to higher sales revenue and better margins with improved productivity and prices.--Bernama
