Mah Sing's 2011 profit rises to RM238.63m

Property developer, Mah Sing Group Bhd's pre-tax profit for its
financial year ended Dec 31, 2011 was up at RM238.63 million from
RM177.865 million in 2010.

Revenue for the year also rose to RM1.57 billion versus the RM1.11 billion, previously.

In
a filing to Bursa Malaysia today, Mah Sing said revenue from the
property segment improved 48 per cent year-on-year to RM1.4 billion,
while the group's property sales exceeded an internal target of RM2
billion to end at RM2.26 billion.

For its fourth quarter ended
Dec 31, 2011, the company recorded a pre-tax profit of RM57.28 million
from RM39.212 million, previously.





Revenue for the three-month period also rose to RM422.126 million from
the RM299.284 million recorded in the corresponding quarter of 2010.

Moving
forward, the property developer believes its fundamentals are strong
and that the momentum from last year will continue into 2012 with an
expected strong performance. -- Bernama