KUALA LUMPUR (Feb 28): TDM BHD []'s earnings jumped 44.5% to RM44.34 million in the fourth quarter ended Dec 31, 2011, from RM30.68 million a year ago, on the back of higher crude palm oil (CPO) production and CPO prices.
It said on Monday its revenue increased by 4.2% to RM135.42 million from RM129.97 million a year ago. Earnings per share were 18.69 sen from 13.59 sen a year ago.
The group also revalued its assets, which resulted in a surplus of RM287.6 million for the financial year.
For the financial year ended Dec 31, 2011, the group’s revenue increased by 27.6% to RM503.23 million from RM394.41 million while net profit rose 70.9% to RM156.85 million from RM91.74 million.
It said on Monday its revenue increased by 4.2% to RM135.42 million from RM129.97 million a year ago. Earnings per share were 18.69 sen from 13.59 sen a year ago.
The group also revalued its assets, which resulted in a surplus of RM287.6 million for the financial year.
For the financial year ended Dec 31, 2011, the group’s revenue increased by 27.6% to RM503.23 million from RM394.41 million while net profit rose 70.9% to RM156.85 million from RM91.74 million.
