Bursa Malaysia Stock Watch
Coastal Contracts post higher pre-tax in 2010
kltrader
Publish date: Wed, 23 Feb 2011, 08:49 PM
kltrader
0 20,638
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Coastal Contracts Bhd has reported higher profit before tax of RM200.169 million for the year ended Dec 31, 2010 from RM163.107 million previously.
Revenue increased to RM675.255 million from RM466.058 million, the company said in a filing to Bursa Malaysia today.
For the fourth quarter 2010, its profit before tax increased to RM54.964 million from RM54.193 million while revenue rose to RM203.403 million from RM150.901 in the previous corresponding period.
'The current quarter's strong performance was underpinned mainly by the delivery of higher end vessels,' Coastal Contracts said.
It also said that barring adverse changes in the global and regional economic outlook, the company expected a reasonably satisfactory financial performance for 2011, backed by the strong revenue visibility of the shipbuilding division's vessel sales order book. -- Bernama
Revenue increased to RM675.255 million from RM466.058 million, the company said in a filing to Bursa Malaysia today.
For the fourth quarter 2010, its profit before tax increased to RM54.964 million from RM54.193 million while revenue rose to RM203.403 million from RM150.901 in the previous corresponding period.
'The current quarter's strong performance was underpinned mainly by the delivery of higher end vessels,' Coastal Contracts said.
It also said that barring adverse changes in the global and regional economic outlook, the company expected a reasonably satisfactory financial performance for 2011, backed by the strong revenue visibility of the shipbuilding division's vessel sales order book. -- Bernama
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
3
4
Good Articles to Share
China’s chip advances stall as US curbs hit Huawei AI product
6
BFM Podcast
7
Good Articles to Share
China’s debt cleanup leaves less cash for big building projects
8
Good Articles to Share
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
