Al-Hadharah Boustead REIT 3Q net profit up 33% to RM22.9m

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Despite current capital market conditions, Al-Hadharah Boustead REIT remains confident that investors would benefit from strong dividend payout track record and the healthy movement of their unit price are proof of that assurance. A greater usage in palm oil, particularly among established Asian markets, will greatly benefit the REIT given that crude palm oil prices should remain within a favourable pricing range. In 2010, Al-Hadharah Boustead REIT net profit for the third quarter increased 33% to RM22.9m from RM17.17m, thanks to the addition of new plantation assets, namely TRP Estate, Sutera Estate and Trong Mill. In 2010, the revenue for the quarter rose to RM27.29m from just RM18.86m. On the other hand, earnings per share was 3.65 sen compared to 3.08 sen in 2010, while net assets per share was RM1.42.

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Reading Time: 1 minute

Despite current capital market conditions, Al-Hadharah Boustead REIT remains confident that investors would benefit from strong dividend payout track record and the healthy movement of their unit price are proof of that assurance. A greater usage in palm oil, particularly among established Asian markets, will greatly benefit the REIT given that crude palm oil prices should remain within a favourable pricing range. In 2010, Al-Hadharah Boustead REIT net profit for the third quarter increased 33% to RM22.9m from RM17.17m, thanks to the addition of new plantation assets, namely TRP Estate, Sutera Estate and Trong Mill. In 2010, the revenue for the quarter rose to RM27.29m from just RM18.86m. On the other hand, earnings per share was 3.65 sen compared to 3.08 sen in 2010, while net assets per share was RM1.42.

Reading Time: 1 minute

Despite current capital market conditions, Al-Hadharah Boustead REIT remains confident that investors would benefit from strong dividend payout track record and the healthy movement of their unit price are proof of that assurance. A greater usage in palm oil, particularly among established Asian markets, will greatly benefit the REIT given that crude palm oil prices should remain within a favourable pricing range. In 2010, Al-Hadharah Boustead REIT net profit for the third quarter increased 33% to RM22.9m from RM17.17m, thanks to the addition of new plantation assets, namely TRP Estate, Sutera Estate and Trong Mill. In 2010, the revenue for the quarter rose to RM27.29m from just RM18.86m. On the other hand, earnings per share was 3.65 sen compared to 3.08 sen in 2010, while net assets per share was RM1.42.

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