PJ Development 2Q pre-tax profit rose to RM21.9 million

KUALA LUMPUR: PJ Development Holdings Bhd's pre-tax profit for the second quarter ended Dec 31, 2010 rose to RM21.9 million from RM20.8 million in the same quarter in 2009. Its revenue, however, fell to RM145.8 million from RM173 million previously.

In a filing to Bursa Malaysia on Feb 24, PJ Development said its property division turned in lower profit.
"This, however, was compensated by the higher contributions from the construction and cable divisions during the current quarter," it said.

It said with the timely completion of the on-going projects and the anticipated good performance of the Malaysian economy, it expected to remain profitable in the financial year under review. - Bernama

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