KUALA LUMPUR: UEM Land Holdings Bhd's net profit for the second quarter ended June 30, 2010, (2Q10) jumped an impressive 583% to RM40.34 million from RM5.90 million a year ago, in line with higher revenue and gain of RM25.6 million on the disposal of an associate, Touch 'N Go Sdn Bhd to PLUS Expressway Bhd.

KUALA LUMPUR: Tradewinds Corp Bhd's net profit for the second quarter ended June 30, 2010 (2Q10) rose 23.3% to RM11.33 million from RM9.18 million a year ago, due to a 3.3% increase in revenue.

• Within expectations

2QFY10 : Better earnings outlook

PARIS: The French government's drive to raise badly needed funds by selling a chateau, sumptuous villas and a host of other state-owned properties may not be going as well as expected.

CHINA: China will strengthen price management for the remaining year on expectations of lower inflation, director of the National Development and Reform Commission Zhang Ping said in a report delivered to the National People’s Congress.

Mah Sing Group

HONG KONG: Henderson Land Development, the developer in the spotlight over controversial flat sales at its luxury 39 Conduit Road development, said underlying profit fell 37.36%, mainly due to a loss from the cancellation of the sale of 20 units at the Mid-Levels project.

KUALA LUMPUR: Mitrajaya Holdings Bhd’s revenue increased by 68% to RM97.1 million for its second quarter (2Q) ended June 30, 2010, compared with a revenue of RM57.9 million posted a year ago. Its net profit also increased to RM18.6 million from RM3.4 million a year ago.

KUALA LUMPUR: DRB-Hicom Bhd posted a net profit of RM200.22 million for its first quarter (1Q) ended June 30, 2010, compared with RM60.5 million a year ago, mainly due to the increase to the recognition of the negative goodwill arising from accretion of equity interest in EON, improved performance of subsidiaries and higher shares of results of jointly controlled entities and associated c