KUALA LUMPUR: Bolton Bhd’s net profit fell 39.26% to RM6.15 million in its second quarter ended Sept 30, 2009 (2QFY2010) compared with RM10.13 million the previous year, on lower revenue contribution.
Its revenue dropped 32% to RM61.39 million in the same quarter, from RM90.3 million a year earlier. The property development business, which contributed approximately 88% of the results, remains the group’s main contributor.
In a filing to Bursa Malaysia on Nov 12, Bolton said Tijani (Bukit Tunku) in Kuala Lumpur and Taman Tasik Prima in Puchong continued to be the major contributors to the property development business. Both projects contributed RM38 million in revenue.Its earnings per share dipped to 2.25 sen, from 3.45 sen the previous year. It did not declare any dividend.
TOP PICKS BY EDGEPROP
Petaling Jaya | New Invest Condo Beside University
Petaling Jaya, Selangor
Cyberjaya | Cash Back Up To 35K New Condo
Kota Damansara | Freehold Condo Walk To UNIVERISTY
Kota Damansara, Selangor
Twin Key Best Investment Project With 0 Booking
Sunway @ New Dual Key Condo Walk To University
Bandar Sunway, Selangor
2.5 Storey Bungalow House Kg Kubu Gajah
Sungai Buloh, Selangor
Mont Kiara | New Condo Below Market Price
Mont Kiara, Kuala Lumpur
Cyberjaya DUAL KEY CONDO FREE FURNISHED+RENOVATED
Invest Dual Key Unit GRR 9 years RM280k
Industrial land, Bukit Lanchong, Shah Alam
Shah Alam, Selangor