KUALA LUMPUR: LBS Bina Group Bhd posted revenue of RM110.7 million and net profit of RM1.3 million for its second quarter (2Q) ended June 30, 2010, up 32% and 114% respectively compared with the same period a year ago.

For its second quarter (2Q), the company recorded revenue of RM70.8 million and net profit of RM700,000, up 77% and 14% respectively compared to the preceding quarter.

KUALA LUMPUR: Nam Fatt Corporation Bhd posted revenue and net loss of RM25.7 million and RM15.1 million for its second quarter (2Q) ended June 30, 2010, the company said on Thursday, Aug 26.

Comparitively, the company recorded revenue and net loss of RM38.8 million and RM 18.2 million a year ago.

KUALA LUMPUR: PJ Development Holdings Bhd posted a net profit of RM52.68 million for its financial year ended June 30, 2010 (FYE 2010), on the back of revenue of RM665.82 million.

KUALA LUMPUR: Mulpha International Bhd recorded a net loss of RM19.18 million for its second quarter (2Q) ended June 30, 2010, compared to a net profit of RM82.11 million a year ago.

The company said on Thursday, Aug 26 that its revenue for 2Q stood at RM189.42 million, compared to revenue of RM158.12 million posted a year ago.

KUALA LUMPUR: Selangor Dredging Bhd is upbeat on its outlook for the year with RM650 million unbuilt sales and property launches worth RM1 billion in gross development value (GDV) in the pipeline.

KUALA LUMPUR: Sunrise Bhd posted revenue of RM590.7 million and net profit of RM132.9 million for its financial year ended June 30, 2010 (FYE 2010), compared to revenue of RM803.9 million and net profit of RM156.3 million in the preceding year.

KUALA LUMPUR: Eastern & Oriental Bhd (E&O Bhd) launched the second tower of its Quayside seafront condominiums at Tanjung Seri Pinang in Penang on Thursday, August 26.

KUALA LUMPUR: Ibraco Bhd posted a net loss of RM807,000 for its second quarter (2Q) ended June 30, 2010, compared with a net loss of RM1.14 million posted a year ago.

Late last year, banks reportedly agreed to end a fierce mortgage price war so that they could protect their profit margin. Aside from the removal of zero-moving cost, many banks revised their mortgage rates upward to around BLR -1.8% to BLR -1.9%, up from BLR -2.3% or even BLR -2.4%.

WASHINGTON: Sales of previously owned US homes took a record plunge in July to their slowest pace in 15 years, underlining the housing market’s struggle to find its footing without government aid.