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Hatten Land Q1 profit jumps to RM2.6m on higher earnings from projects

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CATALIST-LISTED Hatten Land on Wednesday posted a first-quarter net profit of RM2.6 million (S$0.85 million) for the three months ended Sept 30, more than six times its net profit of RM424,000 in the year-ago period. Read more at The Business Times.

CATALIST-LISTED Hatten Land on Wednesday posted a first-quarter net profit of RM2.6 million for the three months ended Sept 30, more than six times its net profit of RM424,000 in the year-ago period.Revenue surged 54.6 per cent to RM83 million, from RM53.7 million a year ago.

Hatten Land said no dividend has been declared for the quarter as it would like to conserve its cash for development and operational purposes.

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