MK Land profit rises to RM19.53m

KUALA LUMPUR: MK Land Holdings Bhd’s pre-tax profit for the third quarter (3Q) ended March 31 increased to RM19.53 million from RM12.35 million in the same period last year.

\Revenue rose to RM135.2 million from RM87.5 million last year, it said in a filing with Bursa Malaysia yesterday.

The revenue increase was mainly from the sales and construction progress of development properties in the Klang Valley and Ipoh.

For the nine-month period, the company posted a pre-tax profit of RM39.08 million on a revenue of RM339.378 million. — Bernama

This article first appeared in The Edge Financial Daily, on May 20, 2013.