Ken Holdings more than doubles net profit to RM6.3m for 3Q

KUALA LUMPUR: Ken Holdings Bhd has posted a net profit of RM6.3 million for the third quarter (3Q) ended Sept 30, 2010 — more than double its net profit of RM2.95 million from a year ago, underpinned by higher revenue.

In a filing to Bursa Malaysia on Monday, Nov 22, the group more than doubled its turnover to RM20.26 million from RM8.6 million.

The group noted that its projects in Shah Alam — namely, its Ken Rimba Legian double-storey houses and its Ken Rimba Commercial Centre — have been well-received.

Ken Holdings expects to perform favourably for the financial year ending Dev 31, 2010, barring unforeseen circumstances.