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Friday, June 11, 2010

Bolton expects strong profit growth this year

PETALING JAYA: The property market looks pretty strong this year partly because access to financing is still “relatively good”, said Bolton Bhd executive chairman Datuk Azman Yahya.

Datuk Azman Yahya (right) posing with Bolton Bhd executive director Chan Wing Kwong at the newly launched Bolton Studio.

He said the company planned to launch three big projects this year.

The company aims for RM500mil sales in the financial year ended March 31, 2011. Bolton recorded revenue of RM257.5mil for FY10.

“We have seen unprecedented demand for our properties; even the projects we haven’t launched,” Azman told StarBiz after the launch of Bolton Studio yesterday.

Bolton has said it planned to launch a mix residential, retail and commercial projects worth about RM1bil this year.

“Profit growth will be reasonably strong compared with last year as things are looking pretty rosy for the time being,” Azman said.

For FY10, Bolton charted a 51% hike in net profit to RM27.7mil compared with RM18.3mil in FY09

On its newly-launched sales gallery Bolton Studio, Azman said the company hoped to provide its customers additional convenience by having a property showcase under one roof.

“We plan to replicate this sales gallery concept at our township development of Taman Tasik Prima Puchong. Even as we speak, the finishing touches are being put to Bolton Studio Taman Tasik Prima which is expected to be opened by the end of the month,” he said.

He said due to the gallery’s easy accessibility from Kuala Lumpur, Subang Jaya and Shah Alam via well-connected highways, it had since its April opening attracted many curious passer-bys which had resulted in positive sales enquiries.

With a built-up area of about 8,000 sq ft, the gallery features scale models of Bolton’s latest high-end developments of sixceylon, 51 Gurney and Arata.

Each scale model is equipped with a touch screen terminal whereby users can browse and experience a 3-dimension walk-through and find out more information about the respective developments.

Bolton Studio also showcases a live show unit of sixceylon, a 33-storey condominium in Bukit Ceylon featuring 215 units.

The 696 sq ft fully-furnished show unit provides customers with a functional idea on ways to optimise small-sized units to their full potential.

By The Star

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