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Thursday, August 18, 2011

Boustead’s 2Q earnings up 26.4% to RM185.2m (Edge)

BOUSTEAD HOLDINGS BHD []’s earnings rose 26.4% to RM185.20 million in the second quarter ended June 30, 2011 from RM146.5 million a year ago boosted by the inclusion of Paharmaniaga and also the manufacturing and trading division.

“Higher sales volume had contributed to a 25% increase in revenue for the manufacturing and trading division, while the PLANTATION [] revenue had increased by 25% on stronger palm product prices.

“The first time consolidation of Pharmaniaga during the second quarter had also boosted revenue of the pharmaceutical division which had chalked up sales of RM461 million (2010: RM34 million),” it said.

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