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(Alliance News) - Investment firm and former natural rubber producer Hidong Estate PLC on Monday reported a rise in profit on lower administrative costs for the first half of its financial year.
Pretax profit for the half ended September 30 increased to MYR139,587, around GBP25,673, from MYR131,513 a year prior.
Administrative expenses narrowed to MYR42,898 from MYR54,667 a year before. Hidong Estate did not generate any revenue in either financial periods.
As at September 30, net assets increased to MYR12.1 million from MYR11.9 million a year prior.
Hidong Estate shares were untraded on Monday, last closing at 10.00 pence each.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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