Tuesday 27 March 2012

Multi-Code 2Q earnings up 21.7% to RM2.18m

KUALA LUMPUR (March 27): Multi-Code Electronics Industries (M) Bhd’s earnings rose 21.7% to RM2.18 million for the second quarter ended Jan 31, 2012 from RM1.79 million a year ago due to a specific non-recurring expense incurred then.

It said on Tuesday its revenue rose 4.1% to RM25.28 million from RM24.27 million a year ago due to sales of a new product. Earnings per share were 4.92 sen versus 4.04 sen. It declared an interim dividend of 3.0 sen per share.

For the first half ended Jan 31, 2012, its earnings registered a 50.7% increase to RM5.37 million from RM3.56 million in the previous corresponding period. Its revenue increased by 12.3% to RM53.90 million from RM48 million.



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