Jaya Jusco: ANALYSTS see new outlets and better sales at existing ones propelling earnings growth at Jaya Jusco, despite keener competition in the retail industry. GK Goh Research, in a recent note, said same store sales during the recent Hari Raya and Deepavali festive periods were higher than previously. The trend is expected to continue in the December-February peak season. Meanwhile, in the first six months to Aug 31, 2002, Jaya Jusco same store sales grew 10%, compared with 8.5% in the corresponding period before. First half-net profit rose to RM17.6mil, 35% more than in the year-ago period.
Teck Guan: COMMODITY-BASED Teck Guan Perdana saw significant improvement in its third-quarter earnings, thanks to surging cocoa prices on the world market. Pre-tax profit in the first nine months to Oct 31, 2002, rose to RM6.7mil compared with RM1.8mil in the previous corresponding period. With a shareholding of just 20 million, Teck Guan's earnings per share for the period stood at a hefty 31.78 sen, compared with 5.8 sen previously. The company has announced plans for a one-for-one bonus issue to meet the KLSE's requirement for second board companies to have a minimum paid-up capital of RM40mil by the end of 2003.
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