Damansara Realty 3Q net profit doubles to RM3.85m

Damansara Realty Bhd’s outstanding profit growth is attributed to lower operating expenses, improved operational efficiency and contributions from its Central Park joint development project in Johor Bahru with Country Garden Group.

KUALA LUMPUR: Damansara Realty Bhd's net profit rose by 106% to RM3.85mil in the third quarter ended Sept 30,2019 from RM1.87mil a year ago, boosted by other income and share of profit of an associate company.

The property company reported on Tuesday that its revenue fell by 13.6% to RM65.88mil from RM76.33mil a year ago. Its earnings per share were 1.21 sen compared with 0.59 sen.

Get 30% off with our ads free Premium Plan

Monthly Plan


Annual Plan


Billed as RM103.60/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

NCT Alliance's flagship project to boost bottomline
StanChart Saadiq Malaysia appoints Bilal Parvaiz as CEO
AirAsia eyes bilateral rights to fly into Tier 2, Tier 3 cities in India
Ringgit opens higher against US$, other major currencies
China's Country Garden faces liquidation petition
Leong Hup shares slide following earnings announcement
FBM KLCI expected to maintain uptrend
Singapore bank OCBC fourth-quarter profit misses expectations, sees rates falling
Olam Group's Singapore-Saudi dual IPO plan for agricultural unit delayed again
Trading ideas: Mah Sing, Unisem, Alliance Bank, MISC, Tenaga, PetGas, Nestle, UOA, MBSB and Heineken

Others Also Read