Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Monday, May 3, 2010

In News: Latexx. SSteel. HunzPty.DiGi

LATEXX PARTNERS BHD more than doubled its net profit to RM20.72 million for the first quarter ended March 31, 2010 (1QFY10) from RM9.14 million a year earlier on the back of capacity expansion, aggressive marketing strategy and overall cost savings.Revenue surged 79.4% to RM126.17 million from RM70.32 million, while earnings per share rose to 10.52 sen from 4.7 sen. It declared a tax exempt interim dividend of 2.5 sen per share.

SOUTHERN STEEL BHD posted a net profit of RM34.48 million in its first quarter ended March 31, 2010, versus a net loss of RM65.48 million a year earlier on the back of a higher revenue in line with the economic recovery.Revenue surged 59.74% to RM628.74 million from RM393.6 million, while pre-tax profit totaled RM37.1 million versus a loss of RM78.5 million a year earlier. Basic earnings per share stood at 8.2 sen, versus a loss per share of 15.6 sen previously.

Penang-based Hunza Properties Bhd’s net profit surged 95.26% to RM11.29mil for the quarter ended March 31, 2010 compared with the previous corresponding period on higher property sales and contributions from the Gurney Paragon project.
The company said in an announcement to Bursa Malaysia yesterday that revenue for the quarter jumped 214% to RM58.52mil.

DIGI.COM BHD net profit for the first quarter ended March 31, 2010 rose to RM278.26 million from RM275.44 million a year ago, on the back of a 6% increase in revenue to RM1.3 billion. The company had on Tuesday, May 4 also declared a first interim dividend payout of 35 sen per ordinary share of 10 sen each, payable on June 18, 2010. Earnings per share rose to 35.80 sen from 35.40 sen a year earlier, while net assets per share was RM1.77.