TA Enterprise Bhd achieved a higher pre-tax profit of RM50.41 million in its fourth quarter ended Jan 31, 2011, compared to the RM39.84 million recorded in the previous corresponding period.

Revenue rose to RM167.74 million from RM124.45 million previously.

In a filing to Bursa Malaysia today, the group said its improved performance was mainly due to higher contribution from its stockbroking division and TA Global Group.

As the local economy has been growing steadily and there is ample liquidity in the financial system, it is expected that the FBM KLCI will rise for the coming year.

The stockbroking division should benefit from such favourable circumstances, it added.

However, for its financial year ended Jan 31, 2011, it recorded a lower pre-tax profit of RM136.1 million, compared to RM144.99 million achieved in the previous corresponding year.

Revenue rose to RM606.93 million from the RM437.28 million recorded previously.-- BERNAMA