Friday 29 Mar 2024
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KUALA LUMPUR (Oct 24): Eupe Corp Bhd’s net profit more than doubled to RM8.02 million in the second quarter ended Aug 31, 2018 (2QFY19) from RM3.86 million a year ago.

The group’s earnings per share ballooned to 6.27 sen in 2QFY19 compared with earnings per share of 3.02 sen in 2QFY18. Quarterly revenue grew 3.2% to RM97.51 million from RM94.51 million a year ago.

In a filing with Bursa Malaysia today, Eupe attributed the better quarterly results to the improved performance across its divisions, including property development, property construction and chalet and golf management division.

For the cumulative six months of FY19 (6MFY19), the group’s net profit jumped nearly 149% to RM12.07 million from RM4.85 million in the previous year. Its accumulative revenue grew 14.3% to RM173.98 million from RM152.23 million in the previous corresponding period.

On prospects, Eupe said the uncertainty over property market creates opportunities for market participants that offer products around distinctive and affordable design and lifestyle differences.

“We will continue to focus on what we believe to be our core strength in developing affordable, quality property products with very clear points of architectural, lifestyle innovation,” it said.

Eupe share price was up 0.5 sen to close at 75 sen today, giving it a market capitalisation of RM95.36 million.

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