TRIplc’s Q3 profit surges 75.71%
22 Apr 2016 / 05:40 H.
PETALING JAYA: TRIplc Bhd, which has become the acquisition target of Puncak Niaga Holdings Bhd, saw its net profit jump 75.71% to RM2.1 million for the third quarter ended February 29, 2016 against RM1.19 million in the previous corresponding period, mainly due to lower taxation.
Revenue was flat at RM3.45 million compared with RM3.47 million in the same period a year ago.
In a filing with the stock exchange, the construction firm said with the completion of UiTM Zone 1 phase 2 project, it will contribute positively to the company's future earnings and cash flow.
TRIplc's nine-month net profit soared 20.35% from RM6 million to RM7.23 million on the back of a 16.5% increase in revenue from RM12.97 million to RM15.11 million.