It told Bursa Malaysia yesterday that the higher surplus of RM249.6mil was from the value adjustment of its investment properties of RM758mil as compared to RM508.4mil in the preceding year.
The group had declared a final dividend of 6 sen per share in the last quarter, to bring the total payout for the year to 11 sen per share.
For the full year, net profit was RM647.6mil or 69.33sen per share, versus RM535.65mil or 57.35sen per share.
The group's revenue for the financial year ending March 31, 2010 was RM881.3mil, reflected an increase of RM14.9mil or 2% as compared to RM866.5mil it posted last year.
The profit before taxation of RM1.292bil (inclusive of fair value adjustment) in the current year represent an improvement of RM259.3mil or 25% as compared with RM1.032bil for the year ended March 31, 2009, it said.
It added that the increase in revenue was mainly attributed to better rental income (in particular Menara ExxonMobil and Dayabumi) and the retail mall, despite a reduction in revenue from the hotel operations.
The improved profit before taxation was also attributed to lower operating and finance costs during the year.
By The Star
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