KUALA LUMPUR (Nov 17): DKLS Industries Bhd has reported a 59.51% jump in net profit to RM9.73 million for the third quarter ended Sept 30, 2014 (3QFY14) from RM6.1 million a year earlier.

Consequently, earnings per share (EPS) rose to 10.5 sen from 6.58 sen previously.

Revenue for the quarter totalled RM59.68 million, up 13.4% from RM52.6 million in 3QFY13, a company filing with Bursa Malaysia showed today.

Year-to-date, DKLS’s net profit was RM16.48 million or 17.78 sen per share - 8.06% higher than the RM16.45 million or 16.45 sen per share recorded a year ago.

Revenue for the period, however, dropped 12.77% on year to RM153.41 million from RM175.87 million.

For the five operating segments in its books — construction, manufacturing, investment, others, and property development — only the latter reported year-on-year decrease in revenue.

DKLS said its investment segment was still in the red despite an increased in revenue.

Going forward, DKLS expects the group's operating environment to remain challenging and competitive.

“Barring any unforeseen circumstances, and given the intense competition within the construction industry, the directors expect the profitability growth for the group to remain challenging,” DKLS added.

DKLS closed unchanged at RM1.82, giving it a market capitalisation of RM166.86 million.