Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Friday, September 24, 2010

SPB Q3 net profit plunges 77%

KUALA LUMPUR: Selangor Properties Bhd’s (SPB) net profit plunged 77% to RM7.5mil for the third quarter ended July 31 against RM33.3mil a year ago when it posted higher unrealised foreign exchange gain and better profit from property development.

The main contributors to net profit for the quarter under review were property development, investment properties and education, it said.

Revenue was almost 40% down to RM42.5mil from RM70.6mil while earnings per share tumbled to 2.19 sen against 9.69 sen previously.

By The Star

No comments: