Mudajaya Group Bhd's net profit increased by 258.9% to RM50.6mil in the first quarter ended March 31.
This was achieved on a 90.9% jump in revenue to RM239.3mil.
Mudajaya told Bursa Malaysia yesterday the improved performance was due to more activities carried out in the quarter.
The company expects its results to improve further in the coming quarters.
It has declared a first interim dividend of 5% or one sen per ordinary share of 20 sen each under the single-tier system for the financial year ending Dec 31.
This was achieved on a 90.9% jump in revenue to RM239.3mil.
Mudajaya told Bursa Malaysia yesterday the improved performance was due to more activities carried out in the quarter.
The company expects its results to improve further in the coming quarters.
It has declared a first interim dividend of 5% or one sen per ordinary share of 20 sen each under the single-tier system for the financial year ending Dec 31.
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