Written by The Edge Financial Daily
Wednesday, 11 November 2009 23:00
KUALA LUMPUR: MUDAJAYA GROUP BHD [] posted a 337% jump year-on-year in net profit to RM35.32 million in its third quarter ended Sept 30, 2009 on the back of a 78% increase in revenue to RM200.10 million.
Basic earnings per share improved to 9.48 sen from 2.17 sen a year earlier.
The company told Bursa Malaysia today it had seen an "increased level of activities" over the first nine months of FY09, hence the higher revenue and profit.
For the cumulative period, net profit rose 118% year-on-year to RM75.84 million while revenue increased by 72.7% to RM508.21 million. EPS stood at 20.36 sen, up from 9.31 sen in 9M08.
On Aug 26, the company declared a second interim single tier dividend of 5% (or one sen per share) in respect of FY09, raising its dividend for the year to date to 8% or 1.6 sen per share of 20 sen each.
"Barring any unforeseen circumstances, the financial performance of the Group for 2009 is expected to improve further," Mudajaya said.
