Kencana unit gets RM216m job from Petrofac
KENCANA PETROLEUM BHD [] has secured a RM216 million contract from Petrofac Malaysia Ltd for the CONSTRUCTION [] of well head platforms for the Cendor oil field off the coast of Terengganu.
ECM Libra 4Q earnings jump 250pct to RM45.84m
ECM Libra Financial Group Bhd’s earnings surged 250% to RM45.84 million in the fourth quarter ended Jan 31, 2011 from RM13.12 million a year ago, boosted by higher brokerage and fee income and also from trading and investment securities.
It said on Tuesday, March 29 revenue doubled to RM105.84 million from RM46.79 million a year ago while earnings per share were 5.61 sen compared with 1.6 sen. It proposed dividend of 4.25 sen per share.
ECM Libra said pre-tax profit was RM60.33 million compared with RM16.13 million. “This is largely contributed by net brokerage income of RM14.6 million, fee income of RM6.7 million, net gain from trading and investment securities of RM67.2 million as well as net interest income of RM7.8 million; partially offset by operating expenses of RM37.6million and impairment allowance of RM2.1 million made on loans, advance and financing,” it said.
KENCANA PETROLEUM BHD [] has secured a RM216 million contract from Petrofac Malaysia Ltd for the CONSTRUCTION [] of well head platforms for the Cendor oil field off the coast of Terengganu.
ECM Libra 4Q earnings jump 250pct to RM45.84m
ECM Libra Financial Group Bhd’s earnings surged 250% to RM45.84 million in the fourth quarter ended Jan 31, 2011 from RM13.12 million a year ago, boosted by higher brokerage and fee income and also from trading and investment securities.
It said on Tuesday, March 29 revenue doubled to RM105.84 million from RM46.79 million a year ago while earnings per share were 5.61 sen compared with 1.6 sen. It proposed dividend of 4.25 sen per share.
ECM Libra said pre-tax profit was RM60.33 million compared with RM16.13 million. “This is largely contributed by net brokerage income of RM14.6 million, fee income of RM6.7 million, net gain from trading and investment securities of RM67.2 million as well as net interest income of RM7.8 million; partially offset by operating expenses of RM37.6million and impairment allowance of RM2.1 million made on loans, advance and financing,” it said.
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