Berjaya Retail Berhad (BJR) has just released its Q4, 2010 results. Compared to Q4, 2009; revenue rose by RM39.33 million. This represents a 9% better performance.
Net Profit was RM13.661 million, RM898,000 better than the last quarter. This represents a 7% increase. Basic earning per share has also moved up to 0.91 sen from 0.85 sen.
On a year-on-year appraisal, revenue has risen from RM1, 542,183 in 2009 to
RM1,719,841 for the year ending 2010. Similarly net profit rose by RM4.98 million to RM52.43 million from RM47.46. Basic earnings climbed from 3.17 sen to 3.5 sen.
My view is that BJR is performing fairly well given the competitve retail environment in Malaysia.
Looking at the low price of 42 sen, perhaps it is time to collect some more of this share.
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