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Friday, February 25, 2011

Muhibbah Engr Q4 pre-tax profit at RM17m (BT)

Muhibbah Engineering (M) Bhd's pre-tax profit for the fourth quarter ended Dec 31, 2010 rose to RM17.251 million from RM15.171 million in the corresponding quarter of the previous financial year.

Its revenue increased to RM415.957 million from RM679.306 million, it said in a filing to Bursa Malaysia.

However, for the full year, its pre-tax profit declined to RM66.830 million from RM68.182 million in the previous year as revenue dropped to RM1.579 billion from RM2.252 billion.

Muhibbah said its outstanding secured order book in hand as at Feb 22, 2011 stood at RM3.1 billion with the bulk, RM2.29 billion, from infrastructure construction division.

The cranes division has RM453 million oustanding contract and shipyard RM360 million, it said. -- Bernama

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