Selangor Prop pre-tax profit rises to RM132m

KUALA LUMPUR: Selangor Properties Bhd’s pre-tax profit for the financial year ended Oct 31, 2013 (FY13), rose to RM132.17 million from RM122.13 million a year ago. Revenue rose to RM239.49 million from RM224.47 million previously. In a filing with Bursa Malaysia, the company said the higher pre-tax profit was contributed mainly by investment holdings and its Australian business.

It said should the voluntary takeover offer made by Better Education Enterprise Sdn Bhd for Help Group be completed, its investment in Help Group will be divested and the contribution from the education unit will cease. — Bernama

This article first appeared in The Edge Financial Daily, on December 31, 2013.


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