KSL Hldgs posts higher Q3 pre-tax profit

KSL Holdings Bhd's pre-tax profit for the first nine-months of 2011 grew to RM91.729 million from the RM66.118 million recorded last year. Revenue for the period also rose to RM203.258 million from RM140.846 million previously.

In a filing to Bursa Malaysia, KSL said for its third quarter ended
Sept 30, 2011, it posted an increased pre-tax profit of RM41.136 million versus
RM19.570 million previously.

Revenue for the three-month period was also up to RM80.961 million from
the RM40.402 million last year.


"As at September, 2011, the group had approximately 2,340 acres of land held
for current and future development while strategically located in Johor Baharu,
Batu Pahat, Kluang, Segamat, Muar, Mersing and Klang.

Most of the properties are available for immediate development, having been
granted approval for subdivision.

"It will help the group sustain its medium to long term development
and profitability," the company said. -- Bernama