KUALA LUMPUR (Jan 30); Fibon Bhd net profit for the second quarter ended Nov 30, 2011 rose 17.9% to RM1.29 million, due mainly to higher revenue generated.
The company said on Tuesday that its revenue for the quarter surged 82.7% to RM5.49 million from RM3.01 million in 2010.
Earnings per share was 1.32 sen compared to 1.12 sen a year earlier, while net assets per share was 27 sen.
For the six months ended Nov 30, Fibon’s net profit fell 14.6% to RM2.23 million from RM2.6 million despite posting a 20.04% increase in revenue to RM9.13 million from RM7.07 million.
Reviewing its performance, Fibon said the higher revenue for the quarter was due to increase in both manufacturing and trading sales.
On its outlook, Fibon said despite facing various general economic challenges, the company was of the opinion that its performance for the financial year ending May 31, 2012 would not be severely affected.
The company said on Tuesday that its revenue for the quarter surged 82.7% to RM5.49 million from RM3.01 million in 2010.
Earnings per share was 1.32 sen compared to 1.12 sen a year earlier, while net assets per share was 27 sen.
For the six months ended Nov 30, Fibon’s net profit fell 14.6% to RM2.23 million from RM2.6 million despite posting a 20.04% increase in revenue to RM9.13 million from RM7.07 million.
Reviewing its performance, Fibon said the higher revenue for the quarter was due to increase in both manufacturing and trading sales.
On its outlook, Fibon said despite facing various general economic challenges, the company was of the opinion that its performance for the financial year ending May 31, 2012 would not be severely affected.
