Leader Universal Holdings Bhd achieved a marginally lower pre-tax profit of RM19.31 million for its third quarter ended Sept 30, 2010 compared to the RM20.16 million recorded in the previous corresponding quarter.

Revenue climbed to RM645 million from RM509.77 million recorded previously.

In a filing to Bursa Malaysia today, the company said its decline in profit was due to a lower share of profit from its associated companies, while the increase in revenue is attributed to an increase in sales quantity and surge in metal prices.

For its nine-month period ended Sept 30, its pre-tax profit declined to RM59.68 million from RM62.2 million recorded in the previous corresponding period.

However, revenue rose to RM1.86 billion from RM1.42 billion recorded previously.-- Bernama