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SILK HOLDINGS RECORDS HIGHER PROFIT OF RM12.4 MLN.(Financial report)

BERNAMA The Malaysian National News Agency

| September 30, 2010 | COPYRIGHT 1999 Bernama - Malaysian National Agency. (Hide copyright information)Copyright

from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Sept 30 (Bernama) -- Silk Holdings Bhd has recorded a higher profit of RM12.4 million for its fourth quarter ended July 31, 2010, compared to RM6.6 million in the same period last year.

On a full-year basis, the company posted a profit of RM30.9 million, a marginal improvement over the RM30.6 million in the previous year, as adjusted to meet the requirements of FRS 3 following the acquisition of AQL Aman Sdn Bhd.

Revenue increased by eight per cent to RM223.9 million from RM206.7 million previously, Silk Holdings said in a statement today.

"The group has closed the financial year on a strong …

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