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KUALA LUMPUR: Gromutual Bhd recorded a drop in net profit of 39% to RM2.21 million compared to RM3.62 million a year ago in its third quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.
Revenue earned during the same period dropped by 22% to RM14.48 million from RM18.66 million a year ago.
The basic earnings per share for the quarter under review dropped to 0.59 sen from 0.96 sen a year ago. The net assets per share increased to 61 sen from 59 sen as at the preceding financial year end.
Gromutual operates in three segments, property development; property management, which includes rental of properties, and others which comprises of operations in investment holdings and sales of oil palm fruits.
Revenue earned during the same period dropped by 22% to RM14.48 million from RM18.66 million a year ago.
The basic earnings per share for the quarter under review dropped to 0.59 sen from 0.96 sen a year ago. The net assets per share increased to 61 sen from 59 sen as at the preceding financial year end.
Gromutual operates in three segments, property development; property management, which includes rental of properties, and others which comprises of operations in investment holdings and sales of oil palm fruits.
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