TA ENTERPRISE 1QE APR 2009 NET PROFIT RISES 6% DUE TO DOUBTFUL DEBTS WRITEBACK AND FOREX GAINS
TA ENTERPRISE's Net Profit for 1QE Apr 30, 2009 rose 6% to RM30.4m from RM28.7m a year ago, mainly due to a writeback of Provision for Doubtful Debts and Forex Gains.
Revenue fell 38.1% to RM72.0m for 1QE Apr 2009 compared with RM116.3m a year ago, underpinned by a drop in income from stock brokerage and sales of property segments.
Basic EPS was 2.13 sen per share versus 2.01 sen.
NO DIVIDENDS DECLARED
No dividends were declared in the quarter under review.
The Company in its Jun 17, 2009 EXCHANGE filing said the Group's various business segments were affected in line with the global economic downturn. To deal with the challenging situation, the Group said it would focus on carrying out prudent management practices, acquiring undervalued assets, and coming out with more attractive marketing initiatives.
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