Cahya Mata Sarawak Bhd's pre-tax profit increased to RM117.25 million in the financial year ended Dec 31, 2010 from RM98.5 million in 2009. Revenue rose to RM943.5 million from RM874.6 million previously.

For the fourth quarter ended Dec 31, 2010, Cahya Mata's pre-tax profit rose to RM48.63 million from RM33.2 million, while revenue went up to RM284.1 million from RM262.5 million previously.

The higher profit was mainly contributed by the construction and manufacturing divisions, although this was partially reduced by the impairment loss recorded by the subsidiary in another division and the associate in banking industry, it said in a filing to Bursa Malaysia today.

On the prospects for the year ending Dec 31, 2011, Cahya Mata said the operating environment faced by the group will remain challenging, but expects prospects to remain satisfactory. -- Bernama