KUALA LUMPUR (Feb 27): Construction outfit and property developer Bina Puri Holdings Bhd saw its net profit surge 359.7% to RM1.23 million for the fourth quarter ended Dec 31, 2014 (4QFY14) from RM268,000 a year ago.

Revenue, however, fell 33.8% to RM216.16 million from RM326.58 million in 4QFY13.

Bina Puri (fundamental: 0.15; valuation: 1.8) also declared a dividend of two sen a share for the financial year ended Dec 31, 2014 (FY14).

For FY14, the group net profit improved 17.3% year-on-year to RM6.14 million from RM5.23 million, while revenue was marginally higher at RM1.06 billion from RM1.05 billion in FY13.

Bina Puri said apart from exploring other business opportunities, it will continue to focus on its construction and property development segments.

Its construction order book stands at RM2.01 billion, which the group said will keep it busy for three years.

Potential gross development value for its properties, meanwhile, amounted to RM3 billion.

Bina Puri’s counter was unchanged at 56 sen today, keeping its market capitalisation at RM103.87 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)