Wall Street KLCI

SHL 4Q13 net profit jumped 133% to RM11.4m

Wall Street KLCI
Publish date: Fri, 31 May 2013, 08:52 AM
Wall Street KLCI
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THIS BLOG IS RELATED TO OBSERVATIONS REGARDING STOCKS TRADED IN MALAYSIA. DISCLAIMER: THE COMPANY ANALYSIS THAT APPEAR IN THIS BLOG IS MERELY FACTS GATHERED FROM DIFFERENT SOURCES AND THE AUTHOR'S PERSONAL VIEW. IT IS NOT A BUY OR SELL RECOMMENDATION. THE AUTHOR DO NOT GUARANTEE THE ACCURACY OF THE FACTS BEING PRESENTED. PLEASE CONSULT YOUR INVESTMENT ADVISORS BEFORE ACTING ON ANY INFORMATION PROVIDED BY THE ANALYSIS ABOVE.
Following Message
1. SHL Consolidated 4Q13 net profit jumped 133% to RM11.4m (against RM4.9m in 4Q12), FY13 earnings jumped 88% to RM34.5m.
2. SHL is a property company.

Full background from its website as below:

http://www.shlcb.com.my/bg_profile.html


SHL CONSOLIDATED BHD.
The Group had its beginnings in one single company dealing in traditional commodities in the 1940s. In the early 1960s', the Group ventured into property development on a joint-venture basis and has since successfully developed more than 18,000 units of houses in various housing schemes. With a careful diversification strategy, the Group is currently represented in several major sectors of the economy such as property development, construction, manufacturing, quarrying, trading and hospitality services.
The Sin Heap Lee Development Group embarked on its first own housing project in 1985 with the development of its first scheme, Taman Sri Rawang, Selangor. The Sin Heap Lee Development Group has since established itself as a leading housing developer particularly in the development of integrated housing schemes and having completed a total of 9,325 units of mixed development ranging from residential, retail to commercial units worth over RM 1.2 billion in value. The SHL Consolidated Group has earned the reputation of having fast delivery, good building quality, well-planned infrastructure and environment friendly landscaping for all its housing scheme.
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