news

Country Heights 3Q net profit down 42% to RM371,000

Country Heights 3Q net profit down 42% to RM371,000
Lam Jian Wyn of TheEdgeProperty.com
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.
Country Heights Holdings Bhd,Kolej Heights Utara,Cyberjaya,Country Heights Kajang,The Mines Resort City
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.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE