KUALA LUMPUR (Feb 28): Cafe chain operator Oldtown Bhd recorded RM11.66 million in profits for the fourth quarter ended Dec 31, 2011 as it benefited from an increase in exports of its beverage products and higher selling prices.
It said on Tuesday its revenue was RM80.40 million while earnings per share were 5.85 sen. Oldtown proposed an interim single tier dividend of 2.5 sen per share, with a proposed final dividend of 4.0 sen per share.
The group attributed higher exports and selling prices of its beverages and cafe chain operation to its financial performance.
It also cited a gain on disposal of investment in associated companies and of property, plant and equipment amounting RM8.4 million as other reasons for its performance.
For the financial year ended Dec 31, 2011, its revenue was RM285.49 million and profit was RM40.17 million.
It said on Tuesday its revenue was RM80.40 million while earnings per share were 5.85 sen. Oldtown proposed an interim single tier dividend of 2.5 sen per share, with a proposed final dividend of 4.0 sen per share.
The group attributed higher exports and selling prices of its beverages and cafe chain operation to its financial performance.
It also cited a gain on disposal of investment in associated companies and of property, plant and equipment amounting RM8.4 million as other reasons for its performance.
For the financial year ended Dec 31, 2011, its revenue was RM285.49 million and profit was RM40.17 million.
