STOCK TO WATCH - MALTON AND JOTECH
DKSH
pre-tax profit surged 187.2 per cent to RM15.9 million in the first quarter ended March 2011 from RM5.5 million in the same quarter last year.
Malton
KUALA LUMPUR: MALTON BHD []’s earnings surged 620% to RM26.28 million from RM3.64 million a year ago, underpinned by higher billings from the property development division.
It said on Thursday, May 19 revenue increased by 79.4% to RM116.38 million from RM64.89 million while pre-tax profit increased by 512.7% to RM38.6 million from RM6.3 million. Earnings per share were 7.55 sen compared with 1.05 sen.
It attributed the strong earnings due to an increase in the billings from the property development division after the completion of en bloc sales of an office tower of V Square Project and billings from commercial projects.
Jotech
pre-tax profit for the first quarter ended March 31, 2011 rose to RM12.4 million from RM1.91 million in the same quarter 2010.
Transmil
Bursa Malaysia Securities Bhd has dismissed the appeal of TRANSMILE GROUP BHD [] and the beleaguered air cargo transport company will be delisted on Tuesday, May 24.
Favco
has secured four contracts totaling RM50.30 million to build tower cranes for four clients. “The above contracts are expected to contribute positively to the earnings and net assets of Favelle Favco for the financial year ending Dec 31, 2011 and beyond.” it said.
TWSPLNT
KUALA KUMPUR: Tradewinds PLANTATION [] Bhd net profit for the first quarter ended March 31, 2011 surged 95% to RM48.63 million from RM24.94 million a year earlier due mainly to increase in prices of palm products.
Revenue rose to RM229.93 million from RM183.39 million last year. Earnings per share was 7.73 sen while net assets per share was RM2.97.
Reviewing its performance on Thursday, May 19, Tradewinds Plantation said that based on prevailing prices of palm products and the forecast increase in production in the coming quarters, the company expects its results to be better than the period under review.
TGOFFS
KUALA LUMPUR: TANJUNG OFFSHORE BHD [] posted net loss RM3.29 million for the first quarter ended March 31, 2011 compared to net profit RM3.05 million a year earlier, due mainly to weaker demand within the industry especially in the engineering equipment division.
Revenue for the quarter fell to RM100.57 million from RM127.55 million in 2010. Loss per share was 1.14 sen while net assets per share RM1.25.
HUNZA
KUALA LUMPUR: HUNZA PROPERTIES [] BHD [] reported net profit of RM11.13 million in the third quarter ended March31, 2011, a marginal increase from the RM11.07 million a year ago.
It said on Thursday, May 19 revenue rose 13.3% to RM66.19 million from RM58.38 million while earnings per share were 5.92 sen compared with 6.94 sen. It proposed a special interim single-tier dividend of 2.5 sen per share.
“The increase in revenue of 13% is mainly attributable to stronger sales and higher stage of physical
KOSSAN
KUALA LUMPUR: KOSSAN RUBBER INDUSTRIES BHD [] net profit for the first quarter ended March 31, 2011 fell 24.4% to RM22.96 million from RM30.38 million a year earlier partly due to buyers holding lower stock levels due to the increase in raw material, as well as higher latex cost.
Revenue for the quarter declined to RM256.45 million from RM262.77 million in 2010. Earnings per share was 7.18 sen.
