Bursa Malaysia Stock Watch

Crescendo Q3 pre-tax profit rises to RM13.4m

kltrader
Publish date: Wed, 29 Dec 2010, 10:51 PM
kltrader
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Crescendo Corp Bhd announced a higher pre-tax profit of RM13.38 million for its third quarter ended Oct 31, 2010 compared with RM5.96 million in same period last year.

The profit was achieved over a higher revenue of RM59.11 million against RM37.95 million previously, the company said in a filing to Bursa Malaysia.

For the nine-month period, pre-tax profit rose 66 per cent to RM34.64 million on a 35 per cent increase in revenue to RM158.52 million.

Crescendo said the higher revenue was due to higher sales in services and its concrete products while the increase in profit was also contributed by an improved margin especially from industrial properties and construction operation.--Bernama
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