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Thursday, February 17, 2011

Vitrox 4Q net profit jumps six-fold to RM8.16m (Edge)

VITROX CORPORATION BHD []'s net profit for the fourth quarter (4Q) ended Dec 31, 2010 surged six-fold to RM8.16 million from RM1.15 million a year earlier, driven by higher sales recorded.

Its revenue surged 284% to RM23.23 million from RM6.05 million, due to higher sales from its machine vision system, automated board inspection and electronics communication system.

Earnings per share was 5.36 sen while net assets per share rose to 49.96 sen from 32.27 sen. For the financial year ended Dec 31, Vitrox's net profit surged to RM31.6 million from RM1.94 million on the back of revenue RM87.44 million.

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