KUALA LUMPUR: MULTI-PURPOSE HOLDINGS BHD []’s (MPHB) net profit for the third quarter ended Sept 30, 2009 rose 27% to RM50.73 million on the back of a 7.1% increase in revenue to RM813.24 million, due mainly to improved performances in its financial services and stockbroking divisions.
It said substantial brokerage income and the writeback of provision for diminution in value of investments in the stockbroking division resulted in profit before tax (PBT) of RM4.6 million compared with a loss of RM2.23 million previously.
Its financial services division reported PBT of RM18.05 million from a loss of RM3.78 million previously due to higher premium earned and lower claim incurred.
Meanwhile, its gaming division had higher payout ratio subsequently reducing its PBT to RM12.77 million from RM34.37 million. It added that the launch of the 4D Jackpot game in September had not been felt yet.
MPHB’s earnings per share rose to 4.9 sen from 4.2 sen.
For the cumulative nine months, it posted a net profit of RM223.16 million on the back of RM2.45 billion revenue, an increase of 60.7% and 6% respectively.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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