KSL post pre-tax profit of RM24.3 million

KUALA LUMPUR: KSL Holdings Bhd posted revenue and pre-tax profit of RM46.9 million and RM24.3 million respectively for its second quarter (2Q) ended June 30, 2010.

This represents a revenue increase of 17% from RM40.06 milllion posted in the same period last year, and a pre-tax profit increase of 77% from RM13.7 million posted a year ago, the company said on Tuesday, Aug 24.

The group’s flagship projects in Johor Bahru, Muar, Yong Peng and Segamat namely Taman Nusa Bestari, Taman Bestari Indah, Taman Kempas Indah and Maharani Riviera were the main contributors to the current quarter’s performance.

It expects encouraging sales of its landed residential properties in Johor and its Klang Valley Project coming on stream by end-2010 to contribute positively to its current financial year’s results.

As of June 10, 2010, KSL has approximately 2,100 acres of land bank for development located in the District of Klang, Johor Bahru, Batu Pahat, Kluang, Segamat, Muar and Mersing.