Land & General 1Q net profit down

KUALA LUMPUR: Land & General Bhd (L&G) recorded a net profit of RM1.39 million for its first quarter (1Q) ended June 30, 2010, down 83.7% from RM8.54 million posted for the same period a year ago.

Revenue for the quarter under review stood at RM6.01 million, which is marginally lower than revenue RM6.11 million posted for the same period a year ago.

On its outlook for the financial year ending March 31, 2011, the company expects its performance to be satisfactory in view of the gradual recovery of the global and local economy.
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