Ancom Q3 profit rises to RM12m

Ancom Logistics Bhd's pre-tax profit for the third quarter financial period ended February, 28, 2011, rose to RM12
million from RM78,000 recorded in the previous corresponding quarter. Revenue fell to RM13.9 million from RM14 million previously.

In a statement today, Ancom said the increase in pre-tax profit was mainly due to the completion of its restructuring scheme, which resulted in a RM10.98 million one-off gain on sale of the group's property.

For the nine months period, Ancom's pre-tax profit rose to RM14.4 million from RM4.4 million while revenue jumped to RM45.5 million from RM43.8 million previously. -- Bernama