Wednesday 21 December 2011

Berjaya Land records 17pc profit hike

Berjaya Land Bhd reported its pre-tax profit for the second quarter ended Oct 31, 2011 increased 17 per cent to RM102.5 million from RM87.9 million reported in the previous corresponding quarter.

In a statement today, the company said the increment was mainly due to the higher profit contributed by the gaming business and also lower finance costs.

Revenue for the period however declined to RM988.6 million from RM1.02 billion a year ago. "The slightly lower revenue was mainly due to the lower property sales registered by the property development business," it said. -- Bernama



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