Thursday, 24 November 2011

UEM Land Q3 pre-tax profit surges to RM67m

UEM Land Holdings Bhd's pre-tax profit for the third quarter ended Sept 30, 2011, surged to RM67.43 million from RM14.002 million recorded in the same period last year.

Revenue rose to RM408.282 million from RM65.674 million previously due to improved performance from the company's developed land sales and direct development projects.

"The current quarter also includes the consolidation of the results from a new subsidiary, Sunrise," it said in a filing to Bursa Malaysia today. -- Bernama



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