Amcorp Properties FY15 pre-tax profit rises to RM90.98 million

Amcorp Properties FY15 pre-tax profit rises to RM90.98 million

KUALA LUMPUR, May 24— Amcorp Properties Bhd’s pre-tax profit for the financial year ended March 31, 2016, (FY15) rose to RM90.98 million from RM41.19 million a year ago.

Its revenue, however, declined to RM168.24 million from RM173.6 million previously while basic earnings per share rose to 13.46 sen from 6.04 sen, it said in a filing to Bursa Malaysia Tuesday.

The improvement in pre-tax profit was derived from its overseas properties disposal, particularly its property investment in Merchant Square, London.

On prospects, the company expects the overseas and Malaysia property projects to contribute positively to the group’s earnings in the coming financial year.

“Barring any unforeseen circumstances, the board is optimistic that the group’s operations will be profitable for the year ending March 31, 2017,” it added.

— BERNAMA
 

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