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Thursday, August 30, 2012

UEM Land pre-tax profit rises

KUALA LUMPUR: UEM Land Holdings Bhd's pre-tax profit for the second quarter ended June 30, rose to RM130.32 million from RM106.03 million in the corresponding quarter last year.

Its revenue increased to RM510.85 million from RM509.4 million previously, it said in a filing to Bursa Malaysia.

UEM said the higher revenue was due to increase in sales and construction progress contributed by developments in East Ledang, Nusa Bayu, Nusa Idaman, MK 28 and Quintet.

By Business Times

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