Booking.com

Booking.com

Favorite Links

Wednesday, January 23, 2013

Hua Yang 3Q net profit rises 37%, revenue up 24%

Source: http://www.theedgemalaysia.com/index.php?option=com_content&task=view&id=229803&Itemid=79


KUALA LUMPUR (Jan 23): Main Market-listed property developer HUA YANG
BHD [] posted a net profit of RM19.93 million for the third quarter
ended Dec 31, up 36.78% year-on-year from RM14.58 million.

The quarter saw revenue rising 24% y-o-y to RM104.6 million, compared
with RM84.3 million in the previous corresponding quarter.

"The strong financial performance was driven by steady CONSTRUCTION []
progress as well as new sales from products launched in 2012. The group
registered total sales of RM312.18 million as at end-2012," the company
said in a press statement.

Its board of directors has declared an interim dividend of five sen per
share for the quarter under review.

Hua Yang posted a cumulative net profit of RM53.46 million for the nine
months ended Dec 31, 2012, an improvement of 34% from RM40 million in
the previous corresponding period.

Its revenue for the nine months ended Dec 31, 2012, stood at RM306.27
million, which was 38% higher than the RM222.13 million in the previous
corresponding period.

Hua Yang CFO May Chan said the first nine months of FY2013 exceeded the
company's 12-month profit after tax for FY2012.

"Our earning visibility for the rest of FY2013 has also improved with
total unbilled sales of RM506.24 million as at Dec 31, 2012."

No comments:

Post a Comment