Friday, March 18, 2011

Perak Water Board Records Bigger Profit

The Perak Water Board (LAP) continued to record good performance with pre-tax profit for last year increasing to RM105.58 million compared with RM72.83 million in 2009.

Perak Menteri Besar Datuk Seri Dr Zambry Abdul Kadir said the better performance was contributed by the increase in sales volume by RM15.73 million and the higher interest and dividend received from the LAP funds which rose by 29.2 per cent or RM4.55 million.

It was also due to the reduction in operational cost following the drop in the cost of bulk purchase of water from the supplier, he told reporters after chairing the Perak Water Board meeting, here Friday.

He said the total water sales for the whole of 2010 stood at RM270.67 million compared with RM254.94 million in the previous year.

Meanwhile, Zambry said so far 8,639 families had enjoyed the water subsidy scheme in Perak involving a total subsidy of RM177,920.90.- BERNAMA

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