UEM Land Q3 pre-tax profit inreases to RM109.44m

KUALA LUMPUR, Nov 28 ― UEM Land Holdings Bhd’s pre-tax profit for the third quarter ended Sept 30, 2012 rose to RM109.44 million from RM67.43 million in the same period last year.

Revenue increased to RM433.38 million from RM408.28 million previously, it said in a filing to Bursa Malaysia.

UEM Land said the better performance was due the increase in sales and construction progress contributed by the developments in East Ledang, Imperia, Nusa Bayu, Nusa Idaman, Symphony Hills, Summer Suites, MK28 and Quintet.

On prospects, UEM Land it was optimistic of its ability to meet its profit target for the year, given the group’s unbilled sales of RM1.9 billion as at Sept 30 this year. — Bernama