Wednesday, June 30, 2010

Glomac almost doubles earnings

Property developer Glomac Bhd’s net profit in the last quarter ended Apr 30 almost doubled to RM12.4mil from RM6.9mil a year ago on higher property sales and fair value gains on certain buildings held for investments.

The improved performance boosted its full year (FY10) net profit to RM40.7mil, up 27% from RM32mil in FY09. Full year revenue declined to RM318mil from RM345mil previously.

Glomac has proposed a final gross dividend of 4.5 sen a share, bringing its total payout for the year to 8.5 sen a share.


- by thestar.com.my

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...