KUALA LUMPUR (Feb 29): EKOVEST BHD []'s earnings soared 615.82% to RM11.31 million for its second quarter ended Dec 31, 2011, from RM1.58 million a year ago, due to increased revenue from its CONSTRUCTION [] arm.
The company, which specialises in civil engineering works and construction, said on Wednesday, that revenue increased 13.8% to RM46.96 million from RM41.26 million. Earnings per share improved to 6.33 sen compared to 0.92 sen a year ago.
The group attributed its improved performance to its construction arm which contributed RM78.69 million to total revenue.
For the six months ended Dec 31, 2011, revenue rose 26% to RM78.82 million from RM62.52 million, while profit jumped 590% to RM17.82 million from RM2.58 million.
The company, which specialises in civil engineering works and construction, said on Wednesday, that revenue increased 13.8% to RM46.96 million from RM41.26 million. Earnings per share improved to 6.33 sen compared to 0.92 sen a year ago.
The group attributed its improved performance to its construction arm which contributed RM78.69 million to total revenue.
For the six months ended Dec 31, 2011, revenue rose 26% to RM78.82 million from RM62.52 million, while profit jumped 590% to RM17.82 million from RM2.58 million.
