KUALA LUMPUR : Selangor PROPERTIES [] Bhd's (SPB) net profit in the fourth quarter ended October, rose 9 % to RM35.85 million from RM32.9 million a year earlier as the company sold more properties, and trimmed operating expenses.
Revenue more than doubled to RM155.13 million from RM63.92 million, the real estate estate investor and developer reported to Bursa Malaysia in a filing today (Dec 28).
Cumulative full-year net profit, however, fell 72.8 % to RM32.3 million from RM118.55 million a year earlier, mainly, due to a provision for impairment losses on the company's investment in real estate funds. Revenue advanced 52.7 % to RM321.72 million from RM210.64 million.
"Barring unforeseen circumstances, the group's prospect for the next financial year remain positive," the comapny said.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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