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Monday, February 21, 2011

Ken Holdings reports higher profit (BT)

Ken Holdings Bhd has reported a higher profit before tax of RM24.073 million for the year ended Dec 31, 2010 from RM11.914 million previously.

Its revenue rose to RM54.198 million from RM31.196 million previously.

In a filing to Bursa Malaysia today, Ken said its profit before tax for the fourth quarter rose to RM11.738 million from RM5.481 million in the previous corresponding quarter while revenue rose to RM25.617 million from RM5.238 million.

It said the group’s projects in Shah Alam -- the mixed residential/commercial development consisting of Ken Rimba Legian’s double storey link houses which was launched in September 2010 together with Ken Rimba Commercial Centre consisting of shop/office units -- were progressing on schedule.

"Barring any unforseen circumstances, the board of directors is of the view that the group will record favourable performance for the financial year ending Dec 31, 2011," it added.

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