KUALA LUMPUR: Country Heights Holdings Bhd has posted a net profit of RM371,000 for its third quarter (3Q) ended Sept 30, 2010, down 42% from RM643,000 despite higher revenue.
Turnover rose to RM43.32 million from RM41.56 million a year ago on higher property sales and higher revenue from its hospitality, leisure and health division, it announced to Bursa Malaysia on Thursday, Nov 25.
Basic earnings per share stood at 0.13 sen, down from 0.23 sen while net assets per share stood at RM2.56, up from RM2.51 a year ago.
On its prospects, the group said it expected to benefit from strong economic growth.
"The property development division maintains its focus on the sales of existing inventories, but has also planned a number of new project launchings in the next 12 months," it said.
It added that its Kolej Heights Utara and Cyberjaya projects are slated to launch in the coming quarters, while new developments are at various stages of planning in Cyberjaya, Country Heights Kajang and The Mines Resort City.