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Country Height 4Q net profit lower at RM14m
by Cals Tue 25 Feb 2014, 01:41
| Country Height 4Q net profit lower at RM14m |
| Business & Markets 2014 |
| Written by Ho Wah Foon of theedgemalaysia.com |
| Monday, 24 February 2014 18:32 |
KUALA LUMPUR (Feb 24): Country Heights Holdings Bhd reported lower net profit of RM14.0 million for the fourth quarter to Dec 31, 2013, from RM19.9 million in similar quarter a year ago.
Revenue stood at RM76.5 million, as compared to RM78.8 million.
For the full year to December 2013, the property group reported total profits of RM35.8 million, up from RM25.3 million the previous year.
Earnings per share for the group stood at 12.99 sen, as opposed to 9.16 sen in the preceding year.
Total revenue for the year ended 31 December 2013 increased to RM263.0 million from RM 253.7 million.
“The 3.6% increase was mainly attributed by higher revenue from its property development division,” said the mainly-property group.
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