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Wednesday, February 23, 2011

Tan Chong pre-tax profit surges to RM323m (BT)

Tan Chong Motor Holdings Bhd's pre-tax profit for the financial year ended Dec 31, 2010, rose significantly to RM322.6 million from RM177.2 million registered in 2009.

Revenue also increased to RM3.5 billion, during the period under review, from RM2.86 billion recorded previously.

For the fourth-quarter ended Dec 31, 2010, pre-tax profit was higher at RM66.3 million from RM42.7 million recorded in the last quarter of 2009, the company said in an announcement to Bursa Malaysia today.

Meanwhile, revenue, during the quarter, improved to RM835.4 million from RM720.2 million previously. "Overall performance shows a disciplined approach to execute our long-term business plan even as total industry volume peaked," it added. -- Bernama

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