KUALA LUMPUR: MULTI-PURPOSE HOLDINGS BHD [] (MPHB) reported a 150% increase in net profit to RM127.4 million for the second quarter ended June 30 from RM50.88 million a year ago, boosted by its gaming and stockbroking businesses.

Announcing the strong set of earnings, it also declared the distribution of one treasury share for 10 shares held. The book closure date for the share dividend is Sept 15. Its revenue rose 6.6% to RM804.01 million from RM753.96 million Earnings per share were 12.5 sen from 5.3 sen.

For the first half, its earnings increased 74.3% to RM172.43 million from RM98.93 million. Revenue was RM1.63 billion compared with RM1.55 billion.

Elaborating on the second quarter, it said pre-tax profit was RM182.06 million, up 73% from RM105.37 million a year ago, boosted by all division and income from its investment activities.

The gaming division's pre-tax profit surged from RM42.68 million a year ago to RM101.29 million due to higher gaming profits and income from investment activities.

The stockbroking division achieved substantial brokerage income coupled with the writeback of provision for diminution in value of investments which resulted in pre-tax profit of RM10.21 million, which was RM8.53 million higher than a year ago


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