KUALA LUMPUR (March 26) : BERJAYA LAND BHD []’s (BLand) net profit fell 93% to RM2.52 million in the third quarter ended Jan 31, 2012 from RM34.91 million a year ago, as lower real estate sales offset higher income from its gaming and hospitality operations.
BLand said on Monday its total group revenue rose 13% to RM1.12 billion from RM990.6 million.
“Given the uncertain economic outlook, the directors are of the view that the group's performance for the remaining quarter of the financial year ending April 30, 2012 will be challenging,” BLand said.
Its cumulative nine-month net profit fell 97% to RM2.92 million against RM85.13 million in the previous corresponding period although revenue was up 4% to RM3.11 billion from RM2.99 billion, the company said.
BLand said on Monday its total group revenue rose 13% to RM1.12 billion from RM990.6 million.
“Given the uncertain economic outlook, the directors are of the view that the group's performance for the remaining quarter of the financial year ending April 30, 2012 will be challenging,” BLand said.
Its cumulative nine-month net profit fell 97% to RM2.92 million against RM85.13 million in the previous corresponding period although revenue was up 4% to RM3.11 billion from RM2.99 billion, the company said.
