Selangor Properties' 4Q2009 net profit rises

KUALA LUMPUR: Selangor Properties Bhd's net group profit for the fourth quarter ended Oct 31, 2009 (FY09) rose 9% to RM35.85 million from RM32.9 million a year earlier on the back of better sales from its property development sector.

Revenue for the quarter jumped 142.7% to RM155.1 million, from RM63.9 million in 4Q2008.

The group basic earnings per share increased to 10.43 sen from 9.57 sen in the previous corresponding quarter. No dividend was declared.

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