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Damansara Realty sees 3Q net profit of RM2.63m

KUALA LUMPUR: Damansara Realty Bhd recorded a net profit of RM2.63 million from a net loss of RM2.72 million a year ago in its thuird quarter (3Q) financial statements ended Sept 30, 2010, the group announced on Monday, Nov 29.

Revenue earned during the same period rose 194% to RM25.18 million from RM8.571 million a year ago.

The group attributed to the increase in net profit to sales of land, property development and  project management activities as well as the recovery of assets.

Basic earnings per share for the current quarter under review rose 1.05 sen from a basic loss per share of 0.64 sen. Net assets per share also rose to 46.3 sen from 45.4 sen as at the preceding financial year end.

Damansara Realty is a Malaysia-based company engaged in investment holding, construction and project management.
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