SILK Holdings Bhd's net profit rose to RM18.76 million for the year ended July 31 2013, up from RM9.39 million previously.
Group revenue rose to RM383.3 million from RM341.1 million recorded previously, SILK said in a statement yesterday.
The company said earnings before interest, taxation, depreciation and amortisation (Ebitda) for the period rose by 20 per cent to RM232.3 million from RM193.5 million recorded in the previous year's corresponding period.
SILK's net profit for the last quarter eased to RM1.27 million from RM14 million previously partly due to increased finance costs and depreciation charges.
However, revenue for the quarter rose 6.5 per cent to RM92.5 million from the RM86.8 million registered in the same period last year.
"Despite a fairly tight economy, the group continues to grow its business," SILK chairman Datuk Mohd Azlan Hashim said.
He said the group had improved on the top-line performance for each of the quarters during the financial year.
Although the pre-tax profit performance for the quarter did not manage to replicate this, SILK continued to record profitability for the quarter, making it seven consecutive quarters of profitability, Azlan added.
"On a full-year basis, the growth is even clearer with improvements across revenues, Ebitda and pre-tax profit," he said.
SILK's highway infrastructure division, Azlan said, continued to build on the groundwork laid for it.
The division recorded an average daily traffic volume of over 181,000 vehicles per day, a 12.4 per cent improvement over the 161,000 vehicles per day recorded in the previous year's corresponding quarter
"This has helped the division's revenue improved on the revenue. The effort put in is even clearer on the full-year results of the division with a 13.6 per cent improvement in revenue and 16.2 per cent reduction in pre-tax loss."
Azlan expects contributions from the oil and gas support services division to remain positive.
The division's revenue eased to RM72.6 million from RM76.4 million recorded in the previous year's corresponding quarter.