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Monday, April 18, 2011

Ken Holdings 1Q net profit surges to RM5m (Edge)

KEN HOLDINGS BHD []’s earnings surged to RM5.07 million in the first quarter ended March 31, 2011 from RM1 million a year ago.

It reported on Monday, April 18 revenue jumped 500% to RM19.55 million from RM3.26 million. Earnings per share were 5.55 sen compared with 1.07 sen.

It had cash of RM41.64 million as at March 31, 2011.

Ken said the Group’s project in Shah Alam, Selangor, the mixed residential/commercial development consisting of Ken Rimba Legian’s double storey link houses together with Ken Rimba Commercial Centre consisting of shop/office units are progressing on schedule.

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