Nilai Resources Group Berhad, an investment holding company, engages in property development and related activities in Malaysia. It develops residential and commercial properties in Nilai, Negeri Sembilan. The company also provides educational services through a university college and an international school; operates a resort hotel; operates and manages a golf and country club; offers building management services comprising in-house security, and ICT solutions and services to homes and business premises; and provides child care development services. In addition, it is involved in nursery and landscaping activities, including the operation of nursery/horticultural retail outlet; and the prov...
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Nilai Resources Group Berhad. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
Nov 21 12
Nilai Resources Group Berhad. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. The company reported revenue of MYR 44,913,000, loss before tax of MYR 1,543,000, loss attributable to owners of parent of MYR 628,000 or 0.54 sen per diluted share against revenue of MYR 42,725,000, profit before tax of MYR 4,211,000, profit attributable to owners of parent of MYR 1,850,000 or 1.62 sen per basic share a year ago. The marginal increase in the Group's revenue was contributed by the Property Development segment.
For the nine months, the company reported revenue of MYR 130,861,000, profit before tax of MYR 10,740,000, profit attributable to owners of parent of MYR 4,776,000 or 4.12 sen per basic share against revenue of MYR 109,738,000, profit before tax of MYR 7,353,000, profit attributable to owners of parent of MYR 780,000 or 0.68 sen per basic share a year ago. Net cash flows generated from operating activities was MYR 6,583,000 against MYR 24,983,000 a year ago. Purchase of property, plant and equipment was MYR 5,221,000 against MYR 5,703,000 a year ago. The better performance as compared to the preceding year's corresponding period was mainly due to better performance from the Group's Property Development segment.