KUALA LUMPUR: Berjaya Land Bhd
(BLand) is cautiously optimistic that its performance for the remaining quarters of the financial year ending June 30, 2023 to be satisfactory, despite having to bear the rising operating costs going forward.
BLand noted that the recovery of the global and domestic economies are gaining momentum as most parts of the world transitioned into the endemic phase of Covid-19.
“However, the recent rise of global inflation rates caused by the reduction of commodities supplies and supply chain disruptions, brought on by the ongoing Russia-Ukraine war and the Covid-19 lockdowns in China as well as the geopolitical tension, have certainly impacted the economic recovery rate,” it said in a filing with Bursa Malaysia.
In the second quarter ended Dec 31, BLand posted a net profit of RM84.4mil, or earnings per share of 1.71 sen against a net loss of RM23.9mil, or loss per share of 0.49 sen.
Revenue for the quarter rose to RM1.69bil from RM1.43bil previously.
For the first six months, it posted a net profit of RM92.8mil on revenue of RM3.4bil.
