KUALA LUMPUR (Feb 16): CI Holdings Bhd posted net profit of RM650.39 million in the second quarter ended Dec 31, 2011 from RM11.17 million a year ago, boosted by the disposal of its Permanis Group to Asahi for RM820.0 million cash.
It said on Thursday that its revenue declined slightly to RM11.35 million from RM11.96 million a year ago due to a slowdown in the CONSTRUCTION [] sector.
“The improvement in profit before tax can be attributed largely to income received from the investment of the proceeds of disposal and gain on the disposal group of RM688.43 million,” it said.
CI Holdings said its earnings per share were 458.02 sen compared with 7.87 sen. It declared a dividend of RM4.60 per share totaling RM653.20 million.
For the first half, its earnings were at RM657.74 million compared with RM22.84 million in the previous corresponding period while revenue slipped 10.9% to RM20.43 million from RM22.93 million.
It said on Thursday that its revenue declined slightly to RM11.35 million from RM11.96 million a year ago due to a slowdown in the CONSTRUCTION [] sector.
“The improvement in profit before tax can be attributed largely to income received from the investment of the proceeds of disposal and gain on the disposal group of RM688.43 million,” it said.
CI Holdings said its earnings per share were 458.02 sen compared with 7.87 sen. It declared a dividend of RM4.60 per share totaling RM653.20 million.
For the first half, its earnings were at RM657.74 million compared with RM22.84 million in the previous corresponding period while revenue slipped 10.9% to RM20.43 million from RM22.93 million.
