March 26, 2010

Sapura 4Q profit up almost 18 times

KUALA LUMPUR: SAPURA INDUSTRIAL BHD [] recorded an almost 18-fold year-on-year growth in net profit to RM4.99 million in the fourth quarter (4Q) ended Jan 31, 2010, as revenue rose 23.5% year-on-year (y-o-y) to RM76.46 million.

In a statement on Thursday, March 25, , it said the better performance was “mainly due to product mix.” Earnings per share rose to 6.86 sen from 0.04 sen. It did not declare any dividends.

For the full year ended Jan 31, 2010, the company said net profit rose 12.78% y-o-y to RM7.86 million, although revenue declined 3.18% to RM232.77 million.