KrisAsset’s Q3 pre-tax profit rises to RM1.18b

KUALA LUMPUR, Nov 27 – KrisAssets Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2012 rose to RM1.18 billion compared to RM80.08 million recorded in the same period last year.

Revenue, however, declined to RM84.63 million from RM90.87 million previously, the company said in a filing to Bursa Malaysia today.

The hike in pre-tax profit was mainly due to gain on disposal of investment properties in the reviewed quarter. – Bernama