Keladi Maju posts net profit of RM1.67m

KUALA LUMPUR: Keladi Maju Bhd posted net profit of RM1.67 million for its second quarter (2Q) ended July 31, 2010 on the back of revenue of RM8.1 million.

For the same quarter a year ago, the company posted net profit of RM2.34 million and revenue of RM11.13 million.

The company said on Monday, Sept 27 that the decreased in profit is mainly due to lower contributions from property development activities as there were only two new phases launched during the period under review.

However, the company is confident that it will achieve positive results based on the good sales trend and with the locked-in of unbilled sales for on-going development in Taman Lagenda.

It expects to launch more phases in Taman Lagenda in line with the high demand.
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