KUALA LUMPUR: Power and gaming company Tanjong plc posted net profit of RM177.76 million in its third quarter ended Oct 31, compared with RM97.13 million a year ago as earnings were boosted by the overseas power plants.
It said on Friday, Dec 11, that revenue was marginally higher at RM985.17 million compared with RM986.51 million. Earnings per share were 44.08 sen compared with 24.09 sen.
It declared a third interim gross dividend of 17.5 sen per share for the financial year ended Jan 31, 2010. The dividend will be paid on Jan 15 to shareholders who are on the record of the company as at Jan 4.
Tanjong's power-generation revenue decreased by RM21 million to RM717 million due to a reduction in energy billings by Malaysian power plants, offset by increased revenue from overseas power plants.
However, gaming revenue increased by RM16 million to RM178 million due to seven additional draws.
Group profit before taxation for the current quarter increased from RM139 million to RM253 million due to a higher contribution from overseas power plants, lower corporate and business development costs and a RM55 million provision for windfall profit levy in the corresponding quarter.
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