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BRDB’s 2Q net profit doubles to RM84.1m

KUALA LUMPUR: Bandar Raya Developments Bhd's (BRDB) net profit for the second quarter (2Q) ended June 30, 2010 doubled to RM84.15 million from RM40.61 million a year earlier despite posting a lower revenue of RM151.36 million.

Earnings per share was 17.7 sen, while net assets per share was RM3.59.

KLCC Property Holdings 1Q revenue at RM227m

KUALA LUMPUR: KLCC Property Holdings Bhd’s revenue for its first quarter ended June 30, 2010 rose 4% to RM227.0 million from RM218.4 million recorded in the corresponding quarter last year.

The company said on Friday, Aug 27 that its profit before taxation stood at RM139.8 million, up 7% compared with RM131.1 million recorded a year earlier.

Master plan for Cambodian resort island unveiled

HONG KONG: The Royal Group of Cambodia has unveiled the master plan for the development of Koh Rong island in Cambodia, which will be Asia’s first environmentally planned resort destination.

UEM Land 2Q profit jumps 583% to RM40.3m

KUALA LUMPUR: UEM Land Holdings Bhd's net profit for the second quarter ended June 30, 2010, (2Q10) jumped an impressive 583% to RM40.34 million from RM5.90 million a year ago, in line with higher revenue and gain of RM25.6 million on the disposal of an associate, Touch 'N Go Sdn Bhd to PLUS Expressway Bhd.

Tradewinds 2Q net profit up 23% to RM11.33m

KUALA LUMPUR: Tradewinds Corp Bhd's net profit for the second quarter ended June 30, 2010 (2Q10) rose 23.3% to RM11.33 million from RM9.18 million a year ago, due to a 3.3% increase in revenue.

China to strengthen price management in property

CHINA: China will strengthen price management for the remaining year on expectations of lower inflation, director of the National Development and Reform Commission Zhang Ping said in a report delivered to the National People’s Congress.