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NewsMelati Ehsan's Q2 pre-tax profit rises to RM5m
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Melati Ehsan's Q2 pre-tax profit rises to RM5m
by hlk Mon 29 Apr 2013, 21:46
Melati Ehsan Holdings Bhd's (MEHB) pre-tax profit for the second quarter
ended Feb 28, 2013, rose to RM5.02 million from RM647,000 in the same
quarter of 2012.
Revenue increased to RM50.01 million from RM18.59 million previously.
In a filing to Bursa Malaysia, the group said the increase in profit
was due mainly to higher operating revenue, contributed by three main
operating business segments, during the current quarter as compared to
the immediate preceding quarter.
It said the ongoing construction works such as East Coast Economic
Region (ECER) and Peoples Housing Programme (PPR) projects will continue
to contribute positively to the group's revenue and profitability.
In addition, the group expects the newly launched property projects,
Taman Ehsan Jaya at Pandamaran and Laman Bayu at Bukit Jalil, to further
improve the performance of the group as the products comprising gated
and guarded terrace houses are in great demand.
"We are confident that the property market is sustainable as buying
activities are backed by strong economic fundamentals," he added.--
Bernama
ended Feb 28, 2013, rose to RM5.02 million from RM647,000 in the same
quarter of 2012.
Revenue increased to RM50.01 million from RM18.59 million previously.
In a filing to Bursa Malaysia, the group said the increase in profit
was due mainly to higher operating revenue, contributed by three main
operating business segments, during the current quarter as compared to
the immediate preceding quarter.
It said the ongoing construction works such as East Coast Economic
Region (ECER) and Peoples Housing Programme (PPR) projects will continue
to contribute positively to the group's revenue and profitability.
In addition, the group expects the newly launched property projects,
Taman Ehsan Jaya at Pandamaran and Laman Bayu at Bukit Jalil, to further
improve the performance of the group as the products comprising gated
and guarded terrace houses are in great demand.
"We are confident that the property market is sustainable as buying
activities are backed by strong economic fundamentals," he added.--
Bernama
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