BLand pre-tax profit rises to RM518m

KUALA LUMPUR: Berjaya Land Bhd’s pre-tax profit for the financial year ended April 30, 2014 rose to RM518.02 million compared with RM461.39 million in the same period last year.

The performance was driven by higher profit contribution from the hotels and resorts as well as property development and investment businesses.

In an announcement to Bursa Malaysia, the company said revenue increased 18% to RM5.01 billion from RM4.25 billion previously.

For the fourth quarter, its pre-tax profit fell to RM109.46 million from RM119.81 million in the same quarter last year.

In contrast, revenue rose 12% to RM1.56 billion from RM1.14 billion previously.

Berjaya Land expects the current financial year ending April 30, 2015 to continue to remain challenging amid the current economic outlook. — Bernama

This article first appeared in The Edge Financial Daily, on June 26, 2014.


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