BLand posts net profit of RM43.68m

KUALA LUMPUR: Berjaya Land Bhd (BLand) posted a net profit of RM 43.68 million for its second quarter (2Q) ended Oct 31, 2010, compared to RM 65.72 posted year ago.

Revenue increased to RM1.02 billion in the current quarter from RM983.1 million a year ago.

The slightly higher revenue was attributed to the higher property sales, while the lower net profit was due to lower profit contribution from its gaming business, it said on Monday, Dec 20.

However, the directors remain confident that the group's operating performance for the remaining financial year ending April 30, 2011 will be satisfactory, barring unforeseen circumstances.