Tuesday 25 September 2012

JAKS Resources Bhd (RM0.38/share) Pre-tax profit up in third quarter


JAKS Resources Bhd’s pre-tax profit for the third quarter ended July 31, rose to RM1.88mil from RM1.87mil in the corresponding quarter last year. Revenue increased to RM88.1mil from RM83.4mil previously.

For the nine months ended July 31, its pre-tax profit rose to RM6.1mil from RM4.9mil in the same period last year. Revenue increased to RM248.9mil from RM233.5mil previously.

To improve the contribution of the manufacturing division, the group said it has rationalised the operation of one of its manufacturing units and would implement strategies for the other manufacturing units so as not to affect the company’s overall performance.

– The Edge 

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