Oriental Holding 2nd Q , FY08 EPS is 25 sen compared to preceding year which is 53% increase in profit and first half FY08 EPS is 39.77 sen.
The year-to-date revenue of RM2,758.3 million was 34.2% higher than the corresponding period last year with year-to-date profit before tax of RM326.5 million, a 44.1% higher than the corresponding period last year. As in the past, the performance of the automotive retailing subsidiaries for both Malaysia and Singapore was in tandem with the overall sentiment of the motor industry. For the current quarter, the motor vehicle sales in Singapore were better than expected. The motor vehicle sales continued to be affected by the current difficult operating environment. The performance of other non-automotive related subsidiaries in the Group was also slightly better than expected. The performance of the overseas plantation benefited from the significantly higher CPO prices. The performance of the hotel and resort sector was cyclical and the contribution was as expected.
