Bursa Malaysia Stock Watch
APM Automotive reports better Q3 results
kltrader
Publish date: Thu, 18 Nov 2010, 10:22 PM
kltrader
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APM Automotive Holdings Bhd reported a pre-tax profit of RM47.524 million for the third quarter-ended Sept 30, 2010, up 57.3 per cent from RM30.219 million in the same period last year.
The profit was achieved over an 18.6 per cent increase in revenue to RM291.477 million against RM245.746 million previously.
In a filing to Bursa Malaysia, the company said its Malaysian operations registered a 17 per cent increase in revenue on the back of higher vehicle production while its overseas revenue rose 39.2 per cent, contributed mainly by its Indonesian operations.
The company expects to maintain its current level of business for the remaining quarter and is optimistic that it will perform well for the whole year. -- Bernama
The profit was achieved over an 18.6 per cent increase in revenue to RM291.477 million against RM245.746 million previously.
In a filing to Bursa Malaysia, the company said its Malaysian operations registered a 17 per cent increase in revenue on the back of higher vehicle production while its overseas revenue rose 39.2 per cent, contributed mainly by its Indonesian operations.
The company expects to maintain its current level of business for the remaining quarter and is optimistic that it will perform well for the whole year. -- Bernama
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