Thursday, 19 April 2012

Brite-Tech restates FY11 PAT

KUALA LUMPUR (April 19) : BRITE-TECH BHD [] says its audited profit after tax for financial year ended December 31, 2011 more than doubled following accounting adjustments for fair value gains in the company’s investment PROPERTIES [].

In a statement to the exchange on Wednesday, the water treatment specialist said the audited figure came to RM3.05 million, a substantial 116% deviation from the unaudited figure of RM1.42 million announced last February.

Brite-Tech shares fell 4% or 0.5 sen to close at 13 sen on Wednesday for a market capitalisation of RM32.76 million.

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