Koda Q1 profit up

Koda Ltd., a manufacturer of home furniture, has reported that profit attributable to equity shareholders of the parent was $363,000, or $0.27 per share, for the first quarter ended September 30, 2012, compared to $205,000, or $0.15 per share, for the same quarter ended September 30, 2011.

Revenue for the first quarter ended September 30, 2012 was $14.21 million, compared to $11.26 million for the same quarter ended September 30, 2011.

Gross profit for the first quarter ended September 30, 2012 was $3.97 million, compared to $3.39 million for the same quarter ended September 30, 2011.

Profit before income tax for the first quarter ended September 30, 2012 was $371,000, compared to $34,000 for the same quarter ended September 30, 2011.