Thursday 24 November 2011

Bolton reaps higher profit in 3rd quarter

Bolton Bhd chalked up a higher pre-tax profit of RM14.587 million for the third quarter ended Sept 30, 2011 from RM4.722 million recorded in the same period last year.

Revenue rose to RM100.815 million, from RM63.679 million, previously.

In a filing to Bursa Malaysia, the company said the better performance was due to the excellent take-up of 6 Ceylon, a 33-storey urban rejuvenation development, Arata (100-unit luxurious condominium in Bukit Tunku), Cascadia townhouses, Bizwalk, mixed development in Taman Tasik Prima Puchong and Surin development in Penang.

Bolton said, as at Sept 30, the near 100 per cent take-up rate for the new launches have resulted in a record unbilled sales of approximately RM518 million. -- Bernama



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