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Saturday, October 1, 2011

KIMLOON, POHKONG

KIM LOONG RESOURCES BHD [] net profit for the second quarter ended July 31, 2011 surged 178% to RM33.29 million from RM11.94 million, due mainly to higher production of crude palm oil (CPO) and palm kernel oil (PKO).

Earnings per share rose to 10.88 sen from 3.92 sen, while net assets per share was RM1.57.

Poh Kong Bhd net profit for the fourth quarter ended July 31, 2011 rose 56.4% to RM12.18 million from RM7.79 million a year earlier, due mainly to higher sales registered, promotional activities and increase in gold price.

Earnings per share increased to 2.97 sen from 1.9 sen a year ago, while net assets per share was 84 sen.

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