Plenitude records net profit of RM 24.8 million

KUALA LUMPUR: Plenitude Bhd recorded a revenue of RM86.8 million and net profit RM24.8 million for its second quarter ended December 31, 2010 (2Q 2011), compared to a revenue and net profit of RM109.4 million and RM23.1 million posted a year ago.

The improved financial performance was mainly due to progressive profit recognised

on properties sold, completed and handed over of Taman Desa Tebrau in Johor,

Taman Putra Prima in Selangor, Bayu Ferringhi in Penang and Bandar Perdana & Lot 88

in Kedah, it said on Wednesday, Feb 23 in a Bursa announcement.

The company is committed to the timely completion of on-going projects and is fairly optimistic that it will be able to continue to achieve satisfactory results for the financial year ending June 30, 2011.

The company declared first interim single tier tax exempt dividend of 3 sen per share, payable on March 25, 2011.