UNITED Malayan Land Bhd (UM Land), which is bullish about its prospects, has projected a 20% increase in net profit and 50% jump in revenue for the current financial year (FY) ending Dec 31.
Its executive director cum chief executive officer Datuk Syed Hamid Syed Hussain Alhabshee said with the improved market conditions, the group could look forward to better sales from its ongoing township developments – Bandar Seri Alam in Johor and Bandar Seri Putra in Bangi, Selangor, as well as the Seri Bukit Ceylon Serviced Residences in Kuala Lumpur.