KUALA LUMPUR: General Corp Bhd, a company under the Bursa Malaysia construction index, saw higher net profit in its third quarter ended Oct 31, 2009 (3QFY2010) of RM24.15 million, from RM14.9 million the previous year, due to several ongoing construction projects and the commencement of a new project.

Its ongoing construction projects include the Hard Rock Hotel at Sentosa, Meritus Mandarin Hotel at Orchard Road, while the new project is Serangoon Central Mall, all in Singapore.

Its revenue, meanwhile, jumped more than two-fold to RM521.37 million, compared with RM160.8 million the previous year.

Its basic earnings per share was 8.13 sen. No dividend was declared.
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