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UAE property developer files for bankruptcy, reports FT

DUBAI: Al Murjan Real Estate, developer of a US$3 billion housing project in the United Arab Emirates, has filed for bankruptcy after running into financial difficulties, the Financial Times reported on Nov 24.

25 November, 2010
Daiman net profit up 19.6% to RM12.8m for 1Q

KUALA LUMPUR: Daiman Development Bhd's net profit rose 19.6% to RM12.8 million for its first quarter (1Q) ended Sept 30, 2010, from RM10.7 million on sale of properties and building materials.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted slightly lower revenue of RM35.4 million, compared with RM35.9 million a year ago.

24 November, 2010
Perak Corp net profit up to RM3.6m for 3Q

KUALA LUMPUR: Perak Corporation Bhd's net profit crept up to RM3.6 million for the third quarter (3Q) ended Sept 30, 2010, from RM3.3 million a year ago despite lower revenue, it said in a filing to Bursa Malaysia on Wednesday, Nov 23.

Its revenue fell to RM21.13 million from RM23.44 million a year ago.

24 November, 2010
KSL Holdings 3Q net profit up 13.9% to RM15.57m

KUALA LUMPUR: KSL Holdings Bhd has posted a net profit of RM15.57 million for its third quarter ended Sept 30, 2010, up 13.9% from RM13.6 million a year ago despite lower revenue.

In a filing to Bursa Malaysia on Wednesday, Nov 23, the group posted revenue of RM40.4 million, down 26% from RM54.6 million.

Its earnings per share stood at 4.03 sen from 3.88 sen a year ago.

24 November, 2010
KLCC Property Holdings net profit up to RM65.68m for 2Q

KUALA LUMPUR: KLCC Property Holdings Bhd's net profit rose to RM65.68 million for its second quarter (2Q) ended Sept 30, 2010, from RM60.75 million a year ago on higher revenue, it announced to Bursa Malaysia on Wednesday, Nov 24.

24 November, 2010
Gopeng Bhd posts net loss of RM51.3m in 3Q

KUALA LUMPUR: Gopeng Bhd has posted a net loss of RM51.3 million for its third quarter (3Q) ended Sept 30, 2010 from a net profit of RM9.93 million a year ago, due to provision of impairment for its associate Perak-Hanjoong Simen Sdn Bhd.

It a filing to Bursa Malaysia on Wednesday, Nov 24, the group posted revenue of RM2.9 million, slipping from RM3.2 million a year ago.

24 November, 2010
Equine Capital net profit at RM6.27m for 2Q

KUALA LUMPUR: Equine Capital Bhd has posted a net profit of RM6.27 million for its second quarter (2Q) ended Sept 30, 2010, from a loss of RM2.08 million a year ago on higher revenue, it announced to Bursa Malaysia on Wednesday, Nov 24.

24 November, 2010