UEM 2Q pre-tax profit rises to RM130.32 million

KUALA LUMPUR: UEM Land Holdings Bhd's pre-tax profit for the second quarter ended June 30, 2012 rose to RM130.32 million from RM106.03 million in the corresponding quarter last year.

Its revenue increased to RM510.85 million from RM509.4 million previously, it said in a filing to Bursa Malaysia on Aug 29.

UEM said the higher revenue was due to increase in sales and construction progress contributed by developments in East Ledang, Nusa Bayu, Nusa Idaman, MK 28 and Quintet.

Going forward, UEM said, the group was on course to launch several other projects in the second half of this year. "The board remains confident of the group's prospect in the current financial year," it said. -- Bernama

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