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AP Land post pre-tax profit of RM7.7m for 2Q2010

KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) posted a pre-tax profit of RM7.7 million for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM 46.6 million.

For the preceding quarter, AP Land recorded a loss of RM3.3 million on the back of a revenue of RM 15.6 million, the company said in a filing to Bursa on Monday, Aug 23.

Bina Puri 2Q earnings double to RM3.14m

KUALA LUMPUR: Bina Puri Holdings Bhd posted net profit of RM3.14 million for the second quarter ended June 30, up 100% from RM1.56 million a year ago, underpinned by its construction division.

It said on Monday, Aug 23 that revenue rose 43.6% to RM267.71 million from RM186.31 million.  Profit before tax was RM4.37 million compared with RM2.46 million.

Legal firms urged to collect registered land titles

SHAH ALAM: Legal firms are urged to check with the land office in their respective states whether the titles of their client's properties were ready for collection, said Pemudah Focus Group On Registering Property Chairman, Datuk Dr Ir Andy Seo Kian Haw.

Zecon post pre-tax profit of RM 839,000 for 2Q 2010

KUALA LUMPUR: Zecon Bhd posted a pre-tax profit of RM 839,000 for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM45.4 million, the company said in a filing to Bursa on Monday, Aug 23.

For the preceding quarter, the group recorded a pre-tax profit of RM220,000 on the back of a revenue of RM31.1 million .

BCB post pre-tax profit of RM1.04m for 2Q2010

KUALA LUMPUR: BCB Bhd posted a pre-tax profit of RM1.04 million in its second quarter (2Q) ended June 30, 2010, 39.8% lower compared with RM1.73 million posted for the corresponding period last year, mainly due to the impairment of about RM470,000 made on certain inventories of a subsidiary in Kluang.

Infrastructure Investment World Asia 2010 (Aug 31 – Sept 3, 2010)

Event: The Infrastructure Investment World Asia 2010 brings together infrastructure developers, governments, investors, financiers and supporting industries to assess investment, project development and capital raising opportunities across Asia’s infrastructure landscape.

Date: Aug 31 - Sept 3, 2010

Venue: Shangri-La Kowloon, Hong Kong

UM Land to dispose of land for RM25 million

KUALA LUMPUR: United Malayan Land Bhd (UM Land) is disposing a piece of freehold commercial tract held under titled No. 97972, PT No. 46, Seksyen 57, Kuala Lumpur, for RM25 million.

Home prices in Hong Kong to remain high

HONG KONG: An expected prolonged period of ultra-low mortgage rates, combined with a low supply of new residential homes are likely to keep home prices firm for the rest of 2010, according to Knight Frank’s latest report on the Hong Kong Luxury Residential Market.

Bovis Homes: Sales rates holding up

LONDON: British housebuilder Bovis Homes said it swung to a first-half pre-tax profit while sales rates are holding up during the sluggish summer period, despite confidence in the sector tailing off.