Share
KUALA LUMPUR: Asia Pacific Land Bhd (AP Land) posted a pre-tax profit of RM7.7 million for its second quarter (2Q) ended June 30, 2010 on the back of a revenue of RM 46.6 million.
For the preceding quarter, AP Land recorded a loss of RM3.3 million on the back of a revenue of RM 15.6 million, the company said in a filing to Bursa on Monday, Aug 23.
The group said the better financial performance is mainly due to improved sales and building completion in My Habitat Serviced Residences Tower 2.
AP land is confident of achieving its targeted sales for financial year 2010, based on strong sales momentum, upbeat consumer sentiments, availability of mortgage financing and macroeconomic factors conducive for the property market in Malaysia and China.
For the preceding quarter, AP Land recorded a loss of RM3.3 million on the back of a revenue of RM 15.6 million, the company said in a filing to Bursa on Monday, Aug 23.
The group said the better financial performance is mainly due to improved sales and building completion in My Habitat Serviced Residences Tower 2.
AP land is confident of achieving its targeted sales for financial year 2010, based on strong sales momentum, upbeat consumer sentiments, availability of mortgage financing and macroeconomic factors conducive for the property market in Malaysia and China.
SHARE
