TA global oh TA global

EARNING marvellous but stock price kanasaiiiiiiiiiiiiiiiii

TA Global Bhd registered a higher pre-tax profit of RM40.3 million for its third quarter ended Oct 31, 2012, compared with 

RM12.3 million in the corresponding quarter of last year. 

Revenue rose to RM159.7 million from RM146.3 million last year. 

"The increase was mainly due to higher profit from hotel operations arising from the acquisition of Movenpick hotel in Thailand, higher profit recognised from on-going development projects in Damansara Avenue, and foreign exchange gain especially on United States dollar denominated borrowings," the company said in a filing to Bursa Malaysia today. 

TA's basic earnings per share rose to 0.64 sen for the quarter reviewed compared with 0.16 sen last year. Bernama

Read more: TA Global records RM40.3m profit for Q3 http://www.btimes.com.my/articles/20121217202003/Article/#ixzz2FJouqsFY