KUALA LUMPUR: TH PLANTATION []s Bhd recorded a 11.3% fall in profits to RM37.71 million in the fourth quarter ended Dec 31, 2011 from RM42.52 million a year ago, due to maintenance carried out during the quarter.
It said on Tuesday, Feb 21, revenue increased by 1.99% to RM130.09 million from RM128.53 million. Earnings per share were 7.41 sen compared to 8.71 sen. It proposed dividend per share of 12.50 sen.
TH Plantations said the fall in profit was attributed to extensive fertilising activities and maintenance during the quarter under review.
The increase in revenue was due to higher sales volume of fresh fruit bunches (FFB) sold to external mills by TH Plantations Saribas Sdn Bhd, a subsidiary of TH Plantations.
The directors proposed a first and final ordinary dividend of 12.50 sen under the single tier system amounting to RM 63.44 million.
For the year ended Dec 31, 2011, net profit increased 39.5% to RM124.83 million from RM89.48 million. Revenue rose 18.8% to RM434.86 million to RM365.97 million.
It said on Tuesday, Feb 21, revenue increased by 1.99% to RM130.09 million from RM128.53 million. Earnings per share were 7.41 sen compared to 8.71 sen. It proposed dividend per share of 12.50 sen.
TH Plantations said the fall in profit was attributed to extensive fertilising activities and maintenance during the quarter under review.
The increase in revenue was due to higher sales volume of fresh fruit bunches (FFB) sold to external mills by TH Plantations Saribas Sdn Bhd, a subsidiary of TH Plantations.
The directors proposed a first and final ordinary dividend of 12.50 sen under the single tier system amounting to RM 63.44 million.
For the year ended Dec 31, 2011, net profit increased 39.5% to RM124.83 million from RM89.48 million. Revenue rose 18.8% to RM434.86 million to RM365.97 million.
