KUALA LUMPUR, Feb 23 (Bernama) -- Cahya Mata Sarawak Bhd's (CMSB) net profit rose to RM249.02 million in the financial year ended Dec 31, 2017 (FY17), from RM217.31 million a year earlier.
Revenue for the period increased to RM1.61 billion from RM1.55 billion recorded previously while earnings per share rose to 20.03 sen versus 15.75 sen.
"The increase in revenue was contributed by the construction, road maintenance and the property development divisions," the group said in a filing to Bursa Malaysia today.
For the fourth quarter, net profit reduced to RM77.23 million from RM115.39 million, year-on-year, but revenue improved to RM588.19 million from RM449.54 million chalked up in the corresponding quarter.
Weaker earnings for the quarter was attributed to higher production cost of cement, provision for soil erosion remedial works and lower share of results of its joint ventures, said CMSB.....