Bursa Malaysia Stock Watch

C.I. Hldgs Q2 profit up 32pc

kltrader
Publish date: Thu, 27 Jan 2011, 03:24 PM
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C.I. Holdings Bhd has reported a profit after tax of RM11.27 million for the second quarter ended Dec 31,2010, an improvement of 43 per cent from the RM7.87 million in the previous corresponding period.

The higher profit after tax was mainly attributable to further economies of scale and prudent cost management, C.I. Holdings said in its filing to Bursa.

The group's revenue for the current financial quarter increased to RM146.650 million from RM114.5 million previously, due mainly to the beverages division's continued growth in its non-carbonated portfolio, strong growth in isotonic beverages, successful promotional campaigns and an aggressive distribution drive.

Its historic base of carbonated brands also contributed positively.

For the six months ended Dec 31, 2010, profit before tax for the group increased to RM30.285 million from RM21.595 million previously. -- Bernama
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