Posted by Jimmy Song > 2013-11-20 08:36 | Report Abuse

CREST BUILDER DELIVERS STRONG 3Q RESULTS CREST BUILDER HAS REPORTED A REVENUE OF RM67.3 MILLION FOR ITS Q3FY2013 PETALING JAYA, 19 NOVEMBER 2013 – Crest Builder Holdings Berhad (“CBHB” or the “Group”) announced its third quarter results for its financial year ending 31 December 2013 (‘Q3FY2013’) with revenue of RM67.3million. The Group’s current quarter under review reported a profit before tax (‘PBT’) of RM9 million, representing an increase of 29% compared to RM7 million from the corresponding third quarter of the preceding year (“Q3FY2012”). The Group recorded a profit after tax (‘PAT’) of RM6 million which translates into an increase of 31.6% compared to RM4.50 million from Q3FY2012. The Group’s revenue is contributed by its construction division, investment division, and property division in which recorded revenue of RM46.4 million, RM2.3 million, and RM18.6 million respectively. The overall accumulated 3 quarters performance for the financial year ending 31 December 2013 recorded revenue of RM243.38 million. The Group delivered strong as they recorded a PBT of RM40.22 million which is a 113.35% increase compared to the accumulated 3QFY12 of RM18.85 million. PAT for the accumulated 3QFY13 amounts to RM32.41 million of which approximately RM14.6 million is from the fair value gain of Tierra Crest. This translates into a staggering increase of 151.09% compared to its preceding accumulated 3QFY12 of RM12.91 million. “We are very happy with the third quarter result which is in line with the management’s internal target. The Group is very optimistic and we are motivated to close this year on a strong note.” commented Mr. Eric Yong, Executive Director of CBHB. For more information about the Group please go to www.crestbuilder.com.my