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.

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