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Qatar learns lessons of Dubai property peril

DUBAI/LONDON: Gulf state Qatar will have to endure at least another 12 months of falling property prices before a recovery in 2011, when the benefits of a prudent approach towards real estate development begin to pay off.

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U.S. housing shaky as confidence sags on jobs worry

NEW YORK: U.S. consumer confidence sagged to a 10-month low this month on worries about jobs and fears gridlock in Washington could hinder efforts to restart employment, curbing the economic recovery, according to Reuters.

The housing market also remains rickety, data showed on Tuesday Feb 23, further underscoring the economy's fragility.

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E&O records profit after tax of RM11.848 mil in 3Q10

PETALING JAYA: Eastern & Oriental Bhd (E&O) achieved a profit after tax of RM11.848 million for its third quarter ended Dec 31, 2009, compared with a loss of RM3.978 million recorded in the corresponding period of financial year ended March 31, 2009.

The company recorded a quarter-on quarter increase in revenue of 28% to RM90 million from RM70.162 million.

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Dijaya records lower net profit of RM3.298 million in 4Q

PETALING JAYA: Dijaya Corp Bhd recorded a lower net profit of RM3.298 million in its fourth quarter ended Dec 31, 2009, eased by 86.25% from the RM25.083 million posted in the same period last year.

Revenue went up by 36.66% to RM101.281 million against RM74.11 million recorded in the same period last year.

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YNH Property sees profits decline for FY2009

KUALA LUMPUR: Property developer, YNH Property Bhd said full financial year profits declined to RM53.04 million from RM80.90 million in the previous financial year ending Dec 31, 2008 on the back of decreased revenue to RM269.63 million from RM348.67 million in the previous year. Annual earnings per share also dropped to 13.93 sen from 21.52 sen.

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MRCB’s net profit increases 68.42% in 4Q10

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) recorded a higher net profit of RM12.412 million in its fourth quarter ended Dec 31, 2009, up 68.42% from a net loss of RM39.298 million recorded in the same quarter last year.

Revenue increased to RM281.669 million in the quarter, up 38.38% from RM203.54 million in the same period last year.

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