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Daiman net profit up 19.6% to RM12.8m for 1Q

KUALA LUMPUR: Daiman Development Bhd's net profit rose 19.6% to RM12.8 million for its first quarter (1Q) ended Sept 30, 2010, from RM10.7 million on sale of properties and building materials.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted slightly lower revenue of RM35.4 million, compared with RM35.9 million a year ago.

Basic earnings per share stood at 6.07 sen per share from 5.09 sen.

The group expected to perform satisfactorily due to the challenging business environment.
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