Thursday, 12 April 2012

Zhulian Corp 1Q net profit up 29.2% to RM28.39m

KUALA LUMPUR (April 12): Zhulian Corporation Bhd net profit for the first quarter ended Feb 29, 2012 rose 29.2% to RM28.39 million from RM21.98 million a year earlier, due mainly to the increase in revenue and share of profit of equity accounted investee.

It said on Thursday that its revenue for the quarter rose 30% to RM111.88 million from RM86.22 million in 2011, as overall, the export sales increased by 42%, due mainly to Thailand whilst the local sales increased by 18%, mainly contributed by high demand for the food & beverage and nutritional products.

Earnings per share was 6.17 sen while net assets per share was 85.29 sen.

On its outlook, the company said it expects satisfactory performance for the year 2012.

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