thanks brendonyeap. I am confident Amprop will perform just as well if not better. Look at how Menang and warrants are doing, mother already rebounded, and warrants skyhigh! So, important for us is to get in now and hold Amprop.
PETALING JAYA: Amcorp Properties Bhd posted a 57.3% year-on-year improvement in earnings to RM17.66mil from RM11.23mil, following a 25% rise in revenue to RM40.7mil from RM32.5mil in the second quarter ended June 30, 2014.
Earning per share rose to 3.05 sen from 1.95 sen.
According to Amcorp Properties, its Malaysia and London projects contributed RM26.1mil in revenue, while the renewable energy and contracting division posted RM14.6mil.
“The group recorded profit before taxation of RM18.5mil contributed (mainly) by Malaysia and London properties. The results of the properties division was contributed by Sibujaya township in East Malaysia, the sale of retail units at Baker Street and residential units at NeoBank in London.
Despite the less-than-favourable weather condition, the renewable energy and contracting division generated an operating profit of RM0.8mil,” the company said.
On its prospects for the year, Amcorp Properties said: “The board expects sales from its London and Malaysia property projects to contribute positively to the group’s earnings. Barring any unforeseen circumstances, the board is optimistic that the group’s operations will be profitable for the year ending March 31, 2015."
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Posted by jtpc2006 > 2014-07-22 10:23 | Report Abuse
thanks brendonyeap. I am confident Amprop will perform just as well if not better. Look at how Menang and warrants are doing, mother already rebounded, and warrants skyhigh!
So, important for us is to get in now and hold Amprop.