Bursa Malaysia Stock Watch

Berjaya Q2 profit at RM187m, names CEO

kltrader
Publish date: Thu, 30 Dec 2010, 11:12 PM
kltrader
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Berjaya Corp Bhd's (BCorp) pre-tax profit for the second quarter ended Oct 31, 2010 rose to RM186.747 million from RM176.966 million in the same quarter of 2009.

Revenue increased to RM1.72 billion from RM1.62 billion previously, it said in a statement today.

BCorp said the increase in revenue was due to better performance from the direct selling, retail and distribution businesses as well as the general insurance business and higher property sales.

On the future prospect, BCorp said barring unforeseen circumstances, it expected the group's operating performance for the remaining quarters of the financial year to be satisfactory.

Meanwhile, BCorp has appointed Datuk Robin Tan Yeong Ching as chief executive officer with effect from Jan 1, 2011 replacing Tan Sri Vincent Tan Chee Yioun.

However, Chee Yioun will remain as chairman of the company. -- Bernama
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