KUALA LUMPUR: Land & General Bhd
reported stronger financial results in the second quarter ended Sept 30 with pre-tax profit of RM21mil on a revenue of RM51.90mil.
L&G, an established township developer in Bandar Sri Damansara, announced on Monday pre-tax profit rose by 313% on-quarter and 192% on-year. L&G's revenue increased by 253% on-quarter and 32% on-year.
“Pre-tax profit boosted by write-back of impairment loss on amount due from its Australian operations of RM9.8mil but partially offset by additional provision of RM2.7mil relating to its investment in a quoted stock on the Australian Exchange, ” it said.
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