KUALA LUMPUR (Feb 21): TEBRAU TEGUH BHD [], which was actively traded recently following a takeover exercise, reported net losses of RM1.13 million for the fourth quarter ended Dec 31, 2011 due to higher operating expenses. It was also in the red with net loss of RM212,000 a year ago.
It reported on Tuesday that its revenue fell 49.4% to RM19.48 million from RM38.56 million a year ago. Loss per share was 0.17 sen compared with loss per share of 0.03 sen.
Tebrau Teguh said revenue from its property development increased from RM1.53 million to RM1.95 million due to higher income from joint venture development activities. Hence, gross profit was higher at RM1.15 million.
As for its CONSTRUCTION [] business, it said revenue from this segment fell from RM37.14 million to RM17.53 million. Gross profit reduced from RM2.21 million to RM1.19 million.
For FY11, it was still profitable, with net profit of RM2.58 million, down by 29% from RM3.63 million in FY10. Revenue fell 37.3% to RM113.41 million from RM180.97 million.
However, Tebrau Teguh said it was upbeat on its outlook for FY12. Its property development project comprising of 544 apartments with a gross development value of RM165 million would be launched o the second half of 2012.
It also expected construction activity to be better after it was awarded a RM303 million contract by the Johor State Secretary to develop 413 acres of land in Pengerang, Kota Tinggi into a comprehensive mixed development.
It reported on Tuesday that its revenue fell 49.4% to RM19.48 million from RM38.56 million a year ago. Loss per share was 0.17 sen compared with loss per share of 0.03 sen.
Tebrau Teguh said revenue from its property development increased from RM1.53 million to RM1.95 million due to higher income from joint venture development activities. Hence, gross profit was higher at RM1.15 million.
As for its CONSTRUCTION [] business, it said revenue from this segment fell from RM37.14 million to RM17.53 million. Gross profit reduced from RM2.21 million to RM1.19 million.
For FY11, it was still profitable, with net profit of RM2.58 million, down by 29% from RM3.63 million in FY10. Revenue fell 37.3% to RM113.41 million from RM180.97 million.
However, Tebrau Teguh said it was upbeat on its outlook for FY12. Its property development project comprising of 544 apartments with a gross development value of RM165 million would be launched o the second half of 2012.
It also expected construction activity to be better after it was awarded a RM303 million contract by the Johor State Secretary to develop 413 acres of land in Pengerang, Kota Tinggi into a comprehensive mixed development.
