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Country Heights earnings jump 14-fold

KUALA LUMPUR: Country Heights Holdings Bhd recorded a 14-fold jump in its net profit to RM18.9 million for its first quarter ended March 31 from RM1.3 million a year ago. Revenue came in at RM85.8 million.

In a statement to Bursa Malaysia, the group said net profit and revenue increased due mainly to higher income from real estate development.

The group said it had property launches in the pipeline for this year and next, especially within the Mines Resort City area in Selangor. The developer said it is also planning projects in Cyberjaya and Cyber Heights.

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