KUALA LUMPUR: Country Heights Holdings Bhd’s net profit rose 90.62% to RM9.043 million in its first quarter ended March 31, 2010 from a net loss of RM4.744 million from the same period last year.

Its revenue increased by more than 100% to RM66.060 million from RM32.839 million in the same period last year.

“The significantly improved performance was mainly contributed by higher property sales, especially from Country Heights Damansara,” it said in a filing to Bursa Malaysia on May 26.

Moving forward, the group remains focused on its core activities namely property development, property investment and hospitality, leisure and health.

While the sales of existing inventories continue to be emphasized the property development division has planned a number of launches in 2010.

“Our Cyberjaya and Kolej Heights Utara projects which comprise 145 units of condominium and 194 units of Sports Living super links homes respectively are to be launched in 4Q 2010,” it said.

The group added that there are also planned future launches of high rise condominiums and superlink houses in Cyberjaya.

“New developments are also currently at various stages of planning in Country Heights Kajang, Country Heights Damansara and The Mines Resort City,” it noted.
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