Mitrajaya Holdings Bhd Q3 pre-tax profit rises to RM33.92 million

Mitrajaya Holdings Bhd Q3 pre-tax profit rises to RM33.92 million

KUALA LUMPUR, Nov 25– Mitrajaya Holdings Bhd’s pre-tax profit for the third quarter (Q3) ended Sept 30, 2015 rose to RM33.92 million from RM17.01 million in the same period last year.

Revenue rose to RM231.3 million from RM145.55 million previously, it said in a filing to Bursa Malaysia today.

Mitrajaya said the increase in the group’s revenue and pre-tax profit was a result of higher contribution from the construction division and South Africa investment.

“The construction division was the major contributor to group revenue, attributable to the higher recognition from new projects secured since last year.

“Our property project in South Africa contributed a lower revenue of RM2.14 million compared to RM4.55 million in the same quarter last year due to reconciliation adjustment,” it said.

Going forward, Mitrajaya said the company intended to dispose of its 51 per cent stake in Optimax Eye Specialist Centre Sdn Bhd and is in the midst of identifying a purchaser.

— BERNAMA

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