TH Heavy Engineering Bhd recorded a pre-tax profit of RM4.3 million on the back of RM46.6 million in revenue for the
third quarter (Q3) ended Sept 30, 2012.

For the nine months period, it posted pre-tax profit of RM23.9 million and revenue of RM116.7 million, it said in a filing to Bursa Malaysia.

The company, formerly known as Ramunia Holdings Bhd, had changed its financial year from Oct 31 to Dec 31, commencing from the financial period ending Dec 31, 2011.

The group said it had an outstanding order book of RM170 million as at Oct 1, 2012.

Going forward, TH Heavy said new prospective works are expected in the fourth quarter which will add positively to both the next quarters results and that of the next financial year.

"With this current work and new prospective projects to be secured, the group is confident of delivering positive overall results from its operations at the Pulau Indah Yard," it said. -- Bernama