KUALA LUMPUR (Feb 21): QL RESOURCES BHD []'s net profit increased by 3.8% to RM34.42 million in the fourth quarter ended Dec 31, 2011 from RM33.14 million a year ago, due to increased sales in its marine product manufacturing arm, palm oil activities and livestock farming.
It said on Tuesday, revenue increased 10.6% to RM498.96 million from RM450.95 million a year ago. Earnings per share were 4.14 sen compared to 4.20 sen.
QL said it recorded a 14% increase in sales from its surimi and surimi-based products, a 13% rise in sales of under its palm oil activities due to lower CPO prices and a 17% increase in sales contribution from farm products.
For the first nine months ended Dec 31, 2011, net profit increased 7.8% to RM100.21 million from RM92.94 million. Revenue rose 14.1% to RM1.45 billion from RM1.27 billion.
It said on Tuesday, revenue increased 10.6% to RM498.96 million from RM450.95 million a year ago. Earnings per share were 4.14 sen compared to 4.20 sen.
QL said it recorded a 14% increase in sales from its surimi and surimi-based products, a 13% rise in sales of under its palm oil activities due to lower CPO prices and a 17% increase in sales contribution from farm products.
For the first nine months ended Dec 31, 2011, net profit increased 7.8% to RM100.21 million from RM92.94 million. Revenue rose 14.1% to RM1.45 billion from RM1.27 billion.
