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DRB-HICOM Bhd's pre-tax profit for the nine months ended Dec 31, 2010 increased 67.2 per cent to RM566.9 million from RM339.1 million in the previous corresponding period. Net profit rose by 87.9 per cent to RM400.1 million from RM212.9 million, the company said in a statement today. Earnings per share improved to 20.7 sen in the same period compared to 11.0 sen recorded previously. DRB-HICOM's nine months revenue rose to RM4.81 billion from RM4.72 billion in the previous corresponding period. This increase was a result of the improved performance of the group's automotive and services sectors which contributed to 57 per cent and 41 per cent of group revenue, it said.
"The commendable nine months financial results demonstrate DRB-HICOM's ability to leverage on inherent strengths and scale opportunities available in this competitive environment," said DRB-Hicom group managing director Datuk Seri Mohd Khamil Jamil. DRB-HICOM would seek to increase market share in selected business segments to grow revenue and margins while committed in creating values for all stakeholders, he said. The company's board of directors has declared an interim gross dividend of 2.0 sen per share less taxation of 25 per cent amounting to RM29 million for the current financial year ending March 31, 2011, which will be paid on March 28. This is an increase of 33.3 per cent to the 1.5 sen paid in the last financial year. DRB-HICOM said with the financial improvement reported in the nine months of current financial year, the business outlook of the group's operating activities for the fourth quarter was expected to remain favourable. -- Bernama