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Friday, May 25, 2012

Properties boost Equine net profit

PETALING JAYA: Equine Capital Bhd posted a net profit of RM7.38mil in the fourth quarter ended March 31, 2012, a 226.99% increase compared with RM2.26mil a year earlier.

However, Equine’s pre-tax profit for quarter under review declined 60.94% to RM1.25mil from RM3.19mil previously.

The company achieved a 15.93% increase in revenue to RM47.06mil from RM40.59mil. Revenue for the quarter was derived mainly from its property development segment, it told Bursa Malaysia.

By The Star

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