Berjaya Land posts 3Q net profit of RM17m

Posted on | March 22, 2007

By THE EDGE

Berjaya Land Bhd posted a net profit of RM17.36 million for the third quarter ended Jan 31, 2007, against a net loss of RM35.88 million a year ago, mainly due to the group equity accounted for a higher share of results from associate companies.

Announcing the results on March 21, the company said the turnaround in profitability was also due to gains realised on disposal of certain quoted investments, and write-back of impairment in value of certain quoted investments.

It said revenue rose 22% to RM134.59 million from RM109.93 million previously. Earnings per share was 1.81 sen.

For the nine months ended Jan 31, 2007, Berjaya Land’s net profit rose 31% to RM40.96 million from RM31.15 million a year ago, with a increase in revenue to RM380.92 million from RM366.48 million.

Please refer to our banners and sidebar for more Malaysia property resource

You might also like

Atrium REIT posts RM17m net profit By BUSINESS TIMESATRIUM Real Estate Investment Trust has recorded an unaudited net profit of RM17 million...

UEM Land posts higher Q3 net profit By BUSINESS TIMESUEM Land Holdings Bhd's group net profit was higher at RM7.54 million in the third quarter...

Property arm lifts TA Global net profit By THE STARPETALING JAYA: Newly listed TA Global Bhd has posted RM13.39mil net profit for its second...

Quill profit up on property income By THE STARPETALING JAYA: Quill Capita Trust, a real estate investment trust (REIT), posted a 1.69% rise...