PETALING JAYA: Property developer Land & General Bhd
’s (L&G) net profit for the financial year ended March 31,2021 (FY21)more than doubled to RM30.45mil from RM14.89mil a year ago.
In announcing its results yesterday, it said its profit before tax was 42% higher at RM37.16mil compared with RM26.18mil.
“Higher full-year profit before tax was due to higher sales and progress billings from its ongoing Damansara Seresta project located in Bandar Sri Damansara; and lower development cost incurred, ” it said.
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