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KUALA LUMPUR: PJ Development Holdings Bhd posted a net profit of RM52.68 million for its financial year ended June 30, 2010 (FYE 2010), on the back of revenue of RM665.82 million.
Comparatively, the company recorded revenue and net profit of RM628.48 million and RM22.68 million respectively for FYE 2009. For its fourth quarter (4Q), it posted a net profit of 13.62 million and revenue of RM186.37 million.
The company said on Thursday, Aug 26 that the significantly improved results for FYE 2010 was mainly due to higher profits from the properties division from the Swiss-Garden Residences and Impian Meridian projects, and rental income from the leasing of Menara PJD.
It expects the year ahead to be challenging, but is confident that it would continue to be profitable, with contributions mainly by the properties, manufacturing, hotel and leisure divisions.
Comparatively, the company recorded revenue and net profit of RM628.48 million and RM22.68 million respectively for FYE 2009. For its fourth quarter (4Q), it posted a net profit of 13.62 million and revenue of RM186.37 million.
The company said on Thursday, Aug 26 that the significantly improved results for FYE 2010 was mainly due to higher profits from the properties division from the Swiss-Garden Residences and Impian Meridian projects, and rental income from the leasing of Menara PJD.
It expects the year ahead to be challenging, but is confident that it would continue to be profitable, with contributions mainly by the properties, manufacturing, hotel and leisure divisions.
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