Main> NEWS

YTL Land & Development 1Q net profit more than halved to RM3.19m

November 25, 2010 | Updated 8 years ago

Last Updated: May 11, 2015

YTL Land & Development 1Q net profit more than halved to RM3.19m

Lam Jian Wyn of TheEdgeProperty.com

KUALA LUMPUR: YTL Land & Development Bhd's net profit was more than halved to RM3.19 million for its first quarter (1Q) ended Sept 30, 2010 from RM7.43 million a year ago on significantly lower revenue, it announced to Bursa Malaysia on Thursday, Nov 23.

Turnover plunged 85.5% to RM14.03 million from RM97.15 million on lower revenue and profit recognition from its property and construction divisions, as well as a shift in the dates of its new launches.

Basic earnings per share stood at 0.39 sen, from 0.88 sen a year while net assets per share were unchanged at 70 sen.

The group expected satisfactory performance for this financial year on the back of its property developments.

YTL Land & Development Bhd

KUALA LUMPUR: YTL Land & Development Bhd's net profit was more than halved to RM3.19 million for its first quarter (1Q) ended Sept 30, 2010 from RM7.43 million a year ago on significantly lower revenue, it announced to Bursa Malaysia on Thursday, Nov 23.

Turnover plunged 85.5% to RM14.03 million from RM97.15 million on lower revenue and profit recognition from its property and construction divisions, as well as a shift in the dates of its new launches.

Basic earnings per share stood at 0.39 sen, from 0.88 sen a year while net assets per share were unchanged at 70 sen.

The group expected satisfactory performance for this financial year on the back of its property developments.

TOP PICKS BY EDGEPROP

Setia Alam

Setia Alam/Alam Nusantara, Selangor

RM 2,100,000

7 beds | 5 bath | 3500 sqft

Bandar Bukit Raja

Klang, Selangor

RM 735,000

4 beds | 3 bath | sqft

Bandar Botanic

Bandar Botanic/Bandar Bukit Tinggi, Selangor

RM 980,000

4 beds | 4 bath | sqft

Bandar Bukit Raja

Klang, Selangor

RM 808,000

4 beds | 3 bath | sqft

Kawasan Perindustrian Mount Austin

Johor Bahru, Johor

RM 1,400,000

- beds | - bath | 3120 sqft

Taman Gaya

Ulu Tiram, Johor

RM 1,700,000

5 beds | 4 bath | 3000 sqft

Taman Pelangi Indah

Ulu Tiram, Johor

RM 980,000

4 beds | 3 bath | 2000 sqft

Eco Summers

Johor Bahru, Johor

RM 925,000

4 beds | 3 bath | 1980 sqft

Glenmarie

Johor Bahru, Johor

RM 850,000

4 beds | 3 bath | 2000 sqft

Eco Spring

Johor Bahru, Johor

RM 1,750,000

5 beds | 4 bath | 3237 sqft

Taman Desa Tebrau

Johor Bahru, Johor

RM 1,300,000

4 beds | 5 bath | 2677 sqft

Eco Summers

Johor Bahru, Johor

RM 868,000

4 beds | 3 bath | 1989 sqft

Eco Summers

Johor Bahru, Johor

RM 900,000

4 beds | 3 bath | 1950 sqft

Clarinet @ Taman Desa Tebrau

Johor Bahru, Johor

RM 948,000

4 beds | 4 bath | 2264 sqft

Taman Austin Heights

Johor Bahru, Johor

RM 1,650,000

4 beds | 4 bath | 2940 sqft

Eco Summers

Johor Bahru, Johor

RM 938,000

4 beds | 3 bath | 1980 sqft

Eco Summers

Johor Bahru, Johor

RM 868,000

4 beds | 3 bath | 1950 sqft

Eco Summers

Johor Bahru, Johor

RM 908,000

4 beds | 3 bath | 1980 sqft

Eco Summers

Johor Bahru, Johor

RM 1,080,000

4 beds | 3 bath | 2000 sqft

Taman Perindustrian Desa Cemerlang

Ulu Tiram, Johor

RM 3,100,000

- beds | - bath | 8504 sqft

SPONSORED CONTENT

River Park Bangsar South launches final tower, offering upscale living at unbeatable pricing

River Park houses only 12 units per floor to ensure a comfortable density for a premium living experience. Two-bedroom two-bathroom units come in built ups of 812 sq ft and 861 sq ft. For greater spaciousness, privacy and exclusivity, you can also pick its unique semidee layout design. Measuring 1,180 sq ft, they come with three bedrooms and two bathrooms.