RAMUNIA HOLDINGS BHD [] posted a net profit of RM16.41 million in the second quarter ended April 30, 2010 (2QFY2010) after reporting net loss of RM13.34 million a year ago, due to a one-off gain from disposal of assets to Sime Darby Engineering Sdn Bhd (SDE) of RM20.72 million.
Ramunia said on Wednesday, June 23 that revenue fell 44% to RM48.94 million from RM87.19 million while registering basic earnings per share of 2.53 sen versus a loss per share of 2.37 sen previously.
For the six months ended April 30, 2010, Ramunia recorded a net profit of RM19.83 million versus a net loss of RM19.11 million the same period last year while revenue dropped 54% to RM81.87 million from RM177.21 million.
The group's basic earnings per share for the half under review climbed to 3.06 sen from loss per share of 3.40 sen previously.
Written by The Edge Financial Daily
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