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Results so so nia, No wonder your share price can not perform

Glomac posts net profit RM23.92m in 2Q
Business & Markets 2012
Written by Surin Murugiah of theedgemalaysia.com   
Monday, 03 December 2012 17:57

KUALA LUMPUR (Dec 3): Glomac net profit for the second quarter ended Oct 31, 2012 rose to RM23.92 million from RM23.77 million a year earlier, due mainly to its projects in Glomac Damansara, Saujana Rawang, Bandar Saujana Utama, and Reflection Residences.
Revenue for the quarter dipped to RM124.4 million from RM134.83 million a year earlier.
Earnings per share was 3.5 sen compared with 4.08 sen, while net assets per share was RM1.06.
For the six months ended Oct 31, Glomac posted net profit RM44.92 million compared with RM41.65 million in 2011, on the back of revenue RM285.47 million versus RM262.66 million.
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