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Pan-United Corp's Q4 net profit jumps 37% to $12 million

Published on Feb 25, 2014 9:51 PM

Resource development and logistics group Pan-United Corporation said on Tuesday that its fourth-quarter net profit soared 37 per cent to $12 million.

Turnover for the three months to Dec 31 last year came in at $186.3 million, similar to that in the same period a year ago of $186.4 million.

Pan-United's full-year earnings rose less substantially, by 4 per cent to $44.6 million on the back of a 2 per cent rise in revenue to $727.4 million.

Higher sales volume for its cement and ready-mix concrete, as well as the higher utilisation of its Changshu Xinghua Port accounted for the growth in its topline.

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