KUALA LUMPUR (Feb 29): Timber extractor and property developer, Naim Indah Holdings posted RM1.10 million in profit for its fourth quarter ended Dec 31, 2011, compared to a loss of RM14.27 million a year ago, due to improved contributions from its timber logging and property development activities.
It said on Wednesday, revenue was RM5.15 million compared with RM2.92 million. Earnings per share were 0.16 sen compared to -2.03 sen a year ago.
For its financial year ended Dec 31, 2011, revenue was up 18.8% to RM14.88 million from RM12.52 million. However, the group were still in the red, posting losses of RM730,000 compared to a RM18.36 million losses a year ago.
The group attributed its improved performance to increased revenue from its timber and property arms which contributed RM6.36 million and RM3.20 million respectively.
However, its bottom line was mitigated by a fall of RM7.18 million due to a joint venture project held under its investment holding arm.
It said on Wednesday, revenue was RM5.15 million compared with RM2.92 million. Earnings per share were 0.16 sen compared to -2.03 sen a year ago.
For its financial year ended Dec 31, 2011, revenue was up 18.8% to RM14.88 million from RM12.52 million. However, the group were still in the red, posting losses of RM730,000 compared to a RM18.36 million losses a year ago.
The group attributed its improved performance to increased revenue from its timber and property arms which contributed RM6.36 million and RM3.20 million respectively.
However, its bottom line was mitigated by a fall of RM7.18 million due to a joint venture project held under its investment holding arm.
