KUALA LUMPUR (Feb 23): MUDAJAYA GROUP BHD []'s pre-tax profit for the financial year ended Dec 31, 2011 increased to RM293.948 million from RM278.386 million in the same period last year. Revenue rose to RM1.347 billion from RM870.428 million previously.
Group managing director/chief executive officer, Anto Joseph, said on Thursday the strong results were driven by its CONSTRUCTION [] division on the back of higher recognition of revenue and profits on work done.
"As at end-2011, the company's outstanding order book amounted to RM4.2 billion and this will continue to anchor current year earnings.
"We will also continue to explore opportunities in investments in infrastructure projects to enhance our long-term recurring income base," he said. - Bernama
Group managing director/chief executive officer, Anto Joseph, said on Thursday the strong results were driven by its CONSTRUCTION [] division on the back of higher recognition of revenue and profits on work done.
"As at end-2011, the company's outstanding order book amounted to RM4.2 billion and this will continue to anchor current year earnings.
"We will also continue to explore opportunities in investments in infrastructure projects to enhance our long-term recurring income base," he said. - Bernama
