Perak Transit remains resilient amid Covid-19


Net profit for the quarter stood at RM13.4mil, an increase from RM8.6mil made in the same period a year ago.

PETALING JAYA: Perak Transit Bhd recorded stronger top and bottom line for the first quarter ended March 31,2021 (Q1FY21), mainly driven by higher contributions from its integrated public transportation terminal operations.

Net profit for the quarter stood at RM13.4mil, an increase from RM8.6mil made in the same period a year ago.

Revenue was RM35.5mil, up 19.3% from RM29.7mil a year ago.

In a statement, the company said its board declared a second interim dividend of 0.8 sen per ordinary share, payable on August 23,2021.

It added that revenue in the current quarter was higher due to higher rental income from the leasing of advertising and promotional spaces at its newly developed Kampar Putra Sentral, which commenced in September 2020, and higher recognition of project facilitation fee.

“Kampar Putra Sentral offers a one-stop convenience public bus terminal together with retail outlets, eateries, cinema, bowling, badminton courts, hotel and ballroom to both local residences and students in and around Kampar, ” it added.

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