KUALA LUMPUR: COCOALAND HOLDINGS BHD [] earnings soared 103.2% to RM8.72 million for the fourth quarter ended Dec 31, 2011, from RM4.29 million a year ago, due to an increased selling price and higher trading volume of its products.
It said on Monday, Feb 28, its revenue increased 33.8% to RM51.4 million from RM38.44 million. Earnings per share were 5.08 sen from 3.23 sen a year ago. The group also announced a second interim dividend of 6% per share.
Cocoaland attributed its better performance to the higher selling price and trading volume of its Fruit Gummy and beverages production lines.
However, the stronger ringgit during the year, partially negated the growth of the group's revenue.
For the financial year ended Dec 31, 2011, its revenue increased 22.3% to RM173.99 million from RM142.26 million. Its profits increased by 95.4% to RM19.19 million from RM9.82 million.
It said on Monday, Feb 28, its revenue increased 33.8% to RM51.4 million from RM38.44 million. Earnings per share were 5.08 sen from 3.23 sen a year ago. The group also announced a second interim dividend of 6% per share.
Cocoaland attributed its better performance to the higher selling price and trading volume of its Fruit Gummy and beverages production lines.
However, the stronger ringgit during the year, partially negated the growth of the group's revenue.
For the financial year ended Dec 31, 2011, its revenue increased 22.3% to RM173.99 million from RM142.26 million. Its profits increased by 95.4% to RM19.19 million from RM9.82 million.
