KUALA LUMPUR (Jan 12): ATLAN HOLDINGS BHD [] net profit for the third quarter ended Nov 30, 2011 fell 9.9% to RM8.33 million from RM9.25 million a year earlier, mainly due to lower revenue in the duty free segment.
The company said on Thursday that its revenue for the quarter dipped 5.35% to RM177.57 million from RM187.63 million in 2010.
Earnings per share fell to 3.31 sen from 3.67 sen a year earlier, while net assets per share was RM1.60.
Atlan said that its net profit for the nine months ended Nov 30 surged to RM109.61 million from RM49.31 million in 2010, due mainly to the gain on disposal of land by two wholly-owned subsidiaries of the company in the quarter ended May 31, 2011.
Revenue for the nine months dipped to RM527.39 million from RM539.15 million.
Reviewing its performance, Atlan said the drop in revenue for the current quarter and year-to- date was mainly due to the lower revenue from the duty free segment, as the prolonged flooding in Thailand had adversely affected the performance of the duty free outlets located in the northern region of Peninsular Malaysia.
On its prospects, Atlan said barring unforeseen circumstances, the company was expected to continue to perform positively.
The company said on Thursday that its revenue for the quarter dipped 5.35% to RM177.57 million from RM187.63 million in 2010.
Earnings per share fell to 3.31 sen from 3.67 sen a year earlier, while net assets per share was RM1.60.
Atlan said that its net profit for the nine months ended Nov 30 surged to RM109.61 million from RM49.31 million in 2010, due mainly to the gain on disposal of land by two wholly-owned subsidiaries of the company in the quarter ended May 31, 2011.
Revenue for the nine months dipped to RM527.39 million from RM539.15 million.
Reviewing its performance, Atlan said the drop in revenue for the current quarter and year-to- date was mainly due to the lower revenue from the duty free segment, as the prolonged flooding in Thailand had adversely affected the performance of the duty free outlets located in the northern region of Peninsular Malaysia.
On its prospects, Atlan said barring unforeseen circumstances, the company was expected to continue to perform positively.
