Company announcement summary @ 18 August 2009
Filed Under (Business News) by Webmaster on 18-08-2009
Tagged Under : Alliance Group, Pos, profit, Ta Ann
1. Pos Malaysia Bhd’s net profit for the second quarter ended June 30 was up 24.3% at RM15.79mil against RM12.7mil in the previous corresponding period mainly due to the write-back of impairment in value of marketable securities.
Revenue was up 1.8% at RM227.27mil from RM223.17mil while earnings per share stood at 2.94 sen from 2.37 sen.
2. Timber and oil palm group Ta Ann Holdings Bhd’s net profit for the second quarter ended June 30 was up 12.2% at RM22.77mil against RM20.3mil in the previous corresponding period mainly due to significantly higher export log sales and an unrealised exchange gain of RM7.7mil.
Revenue was down 16.4% at RM161.97mil from RM193.7mil while earnings per share stood at 3 sen from 5 sen.
3. Alliance Financial Group Bhd’s net profit for the first quarter ended June 30 was down 62.8% at RM46.22mil against RM124.35mil in the previous corresponding period on lower net interest income resulting from the drop in the overnight policy rate from 3.5% to 2%, the company said.
In a filing with Bursa Malaysia yesterday, the banking group said higher allowance of RM45.3mil for losses on loans, advances and financing as well as higher provision of RM25.9mil for impairment on an investment security had also affected the group’s profit during the quarter.
Revenue was also down by 8% at RM387.89mil while earnings per share stood at 3 sen against 8.1 sen before. However, the group’s gross loans and advances increased by 2% to RM20bil in the first quarter compared with the preceding quarter.
