Selangor Properties reports higher earnings from property sales
RM38.8 million net profit for Q4 2009 Dec 28, 2009
Selangor Properties Berhad posted a higher increase in
net profit in its filing with Bursa Malaysia on 27 Dec 2009. It said that net
profit increased to RM38.8 million for its fourth quarter ended 31 October
2009. This is an increase from RM35.3 million posted in the corresponding
quarter last year.
The developer has attributed the higher profits due to
better sales from its property development.