Hua Yang 2Q net profit surges to RM13.89 million
Publish date: Wed, 19 Oct 2011, 05:28 PM
KUALA LUMPUR: HUA YANG BHD [] net profit for the second quarter ended Sept 30, 2011 surged to RM13.89 million from RM4.31 million a year earlier, due mainly to steady CONSTRUCTION [] progress and better sales.
The company said on Wednesday, Oct 19 that its revenue for the quarter more than doubled to RM76.13 million from RM35.63 million in 2010.
Earnings per share jumped to 12.87 sen from 3.99 sen in 2010, while net assets per share was RM2.23.
For the six months ended Sept 30, Hua Yang's Net profit rose to RM25.38 million from RM9.22 million in 2010, while revenue surged to RM137.88 million from RM72.85 million.
Reviewing its performance, Hua Yang said the sales achieved during the quarter under revised was 119% higher year-on-year with total unbilled sales of RM395.24 million, giving it improved earnings visibility in the remaining period of FY2012.
On its current year prospects, Hua Yang said that with the steady growth, strong demand and sales for the six months of FY2012, the company was optimistic of posting improved results for the remaining period of the year.
''
The company said on Wednesday, Oct 19 that its revenue for the quarter more than doubled to RM76.13 million from RM35.63 million in 2010.
Earnings per share jumped to 12.87 sen from 3.99 sen in 2010, while net assets per share was RM2.23.
For the six months ended Sept 30, Hua Yang's Net profit rose to RM25.38 million from RM9.22 million in 2010, while revenue surged to RM137.88 million from RM72.85 million.
Reviewing its performance, Hua Yang said the sales achieved during the quarter under revised was 119% higher year-on-year with total unbilled sales of RM395.24 million, giving it improved earnings visibility in the remaining period of FY2012.
On its current year prospects, Hua Yang said that with the steady growth, strong demand and sales for the six months of FY2012, the company was optimistic of posting improved results for the remaining period of the year.
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Labels: HUAYANG
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Be the first to like this. Showing 3 of 3 comments
high risk high return mah...no risk no gain loh like put money in FD :)
2011-10-20 09:02
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
valueinvestor
Hua Yang is a much better and safer buy than many other IT related companies whose assets are mostly depreciating in value over time....and their profits are often re-investing in such depreciating assets...and their future earning visibility is normally low or volatile....
2011-10-19 20:05