SILK Holdings Bhd’s earnings jumped 146% to RM11.55 million for the fourth quarter ended July 31, 2010 from RM4.68 million a year ago, boosted by a one-off RM11.9 million negative goodwill and its highway division.
The company said on Thursday, Sept 30 revenue rose 32.4% to RM59.61 million from RM45 million.
SILK said the higher revenue in 4Q10 was due to recognition of contribution from the highway division compared to a year ago when there was only the oil and gas division.
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