Bursa Malaysia Stock Watch

LITRAK pre-tax profit up 15pc to RM37.5m

kltrader
Publish date: Fri, 25 Feb 2011, 09:22 PM
kltrader
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Lingkaran Trans Kota Holdings Bhd (LITRAK) posted a pre-tax profit of RM37.502 million for the third quarter ended Dec 31, 2010, up 15.7 per cent from RM32.422 million posted in the same quarter of 2009.

The company's revenue increased marginally to RM78.717 million from RM78.551 million previously, the company said in a filing to Bursa Malaysia today.

For the nine months period ended Dec 31, 2010, the company recorded higher pre-tax profit of RM116.962 million from RM99.037 million in the same period of 2009. Its revenue rose to RM234.960 million from RM231.005 million previously.

On the current year's prospects, the highway operator company was optimistic that a low but gradual increase in revenue will be generated from the projected growth in traffic plying the Lebuh Raya Damansara-Puchong (LDP). -- Bernama
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