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Wednesday, December 9, 2009

Property arm lifts TA Global net profit

PETALING JAYA: Newly listed TA Global Bhd has posted RM13.39mil net profit for its second quarter ended Oct 31.

It recorded pre-tax profit of RM17.64mil, of which about 65% came from its property development arm, followed by property investment and hotel operations, it said in a filing with Bursa Malaysia yesterday.

TA Global said there were no comparative figures in the previous corresponding period as this was the group’s first quarterly report on consolidated results in conjunction with its listing on the main market. It was listed on Nov 23. Revenue for the quarter under review was RM89.72mil while earnings per share was 0.37 sen.

By The Star

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