Bursa Malaysia's first foreign direct listing Xingquan International Sports Holding Ltd registered net profit of RM21.99 million in its first quarterly results report for 4Q09 ended June 30, which was 18.1% higher than RM18.62 million a year ago.
The shoe manufacturer reported revenue increase of 26.6% year-on-year, to RM110.7 million from RM87.44 million.
Year-to-date, earnings were up 38.5% to RM92.25 million from RM66.6 million, while revenue for FY09 increased by 32.6% to RM434.51 million from RM327.64 million.
Xingquan's profit up 18% in debut earnings report
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Monday, August 24, 2009
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