KUALA LUMPUR (May 28); Mah Sing Group Bhd net profit for the first quarter ended March 31, 2012 rose 45.54% to RM59.92 million from RM41.17 million, on the back of a 46.83% increase in revenue to RM457.76 million from RM311.76 million.
At 3.21pm, Mah Sing added three sen to RM2 with 95,600 shares traded.
Earnings per share was 7.20 sen compared to 4.95 sen previously, while net assets per share was RM1.36.
Reviewing its performance on Monday, Mah Sing said it made good progress in land acquisitions and joint development with RM3.63 billion in new potential gross development value from three land deals secured year-to-date.
TOP PICKS BY EDGEPROP
VIVO Residential Suites
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
The Grand @ Kelana Damansara Suite
Kelana Jaya, Selangor
Secoya Residences
Pantai Dalam/Kerinchi, Kuala Lumpur
Duduk Huni @ Eco Ardence
Setia Alam/Alam Nusantara, Selangor
The MET Corporate Towers
Mont Kiara, Kuala Lumpur
The MET Corporate Towers
Mont Kiara, Kuala Lumpur
Regent Garden @ Eco Grandeur
Bandar Puncak Alam, Selangor