INGRESS Corp Bhd posted a higher pre-tax profit of RM31.6 million for the financial year ended Jan 31, 2011, from RM19.6 million recorded in the same period last year.

Company revenue rose to RM761.5 million, from RM650.6 million previously, and earning per share increased to 22.31 sen, from 14.08 sen earlier, it said in an announcement to Bursa Malaysia today.

For the fourth quarter ended Jan 31, 2011, pre-tax profit declined toRM4.1 million, from RM4.4 million chalked up in the same quarter last year.

However, revenue increased to RM189.4 million, from RM162.8 million previously, while earning per share decreased to 2.74 sen from 3.35 sen.

The company expects the automotive division to improve further in the coming years.

'We also expect the power engineering and project division to improve given the existing and recently awarded projects and the government's initiative under the transformation programme,' it said. - BERNAMA