Wednesday, March 23, 2011

Berjaya Land up in early trade

KUALA LUMPUR: BERJAYA LAND BHD [] shares advanced in early trade on Wednesday, March after itposted net profit RM34.91 million for its third quarter ended Jan 31, 2011 compared to net loss RM8.57 million a year ago, due mainly to higher profit contribution from the gaming business operated under BERJAYA SPORTS TOTO BHD [].

At 9.10am, BJLand was up six sen to RM1.14 with 130,000 shares traded.

BJLand's revenue in 3Q declined to RM990.59 million from RM993.96 million. Earnings per share were 0.70 sen from loss per share of 0.17 sen, while net assets per share was RM1.04.

For the nine months ended Jan 31, BLand's net profit jumped to RM85.13 million from RM35.42 million, on the back of revenue RM2.99 billion.

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