Tasek Corp net profit up 180%

Tasek Corp net profit up 180%
Published: 06 August 2004

Malaysian Tasek Corporation Bhd’s net profit surged some 180% to RM50.69 million for its financial year ended June 30, 2004 from RM18.1 million a year earlier due to higher demand for cement, pricing and margin.  Its turnover rose by 19.2% to RM272.68 million from RM228.69 million while its earnings per share increased to 27.59 sen from 9.85 sen a year earlier.