KUALA LUMPUR: Selangor Properties Bhd’s (SPB) net profit surged 182% to RM33.3mil for the third quarter ended July 31 from RM11.8mil a year ago mainly due to foreign exchange gains and higher profits from property development.
Its revenue rose to RM70.5mil from RM51.7mil previously. Earnings per share stood at 9.69 sen against 3.44 sen a year ago.
For the first nine months, SPB posted a net loss of RM3.5mil against a net profit of RM85.6mil previously.
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