KUALA LUMPUR: Land & General Bhd (L&G) posted a net profit of RM7.24mil in the third quarter ended Dec 31, 2020, against a net loss of RM637,000 in the same period last year.
Revenue, however, fell 17.6% to RM30.19mil from RM36.68mil in the same corresponding period.
The decrease in the quarter’s revenue was due to lower contribution from property division.
Its pre-tax profit rose to RM9.68mil from RM3.92mil mainly due to the writebacks in property and other divisions totalling RM4.43mil and the share of profit from Country Garden Properties (Malaysia) Sdn Bhd of RM1.12mil.
In the first nine months to Dec 31, 2020, L&G registered a net profit of RM26.76mil on revenue of RM96.85mil.
A lot of companies are making losses during this period but this company still managed to record a net profit of RM26.76 mil for the 1st 9 months. I think is good.
for short term is ok..but long term 0.200 sure can ..still got 100mil unbill property. Management already give you hints want to clear up in this year.
Land & General: To launch two projects with RM677m GDV in 2021. Land & General aims to launch two new development projects in Shah Alam and Bandar Sri Damansara with a combined GDV of RM677m. He said unbilled sales now stand at RM160m, with its property overhang at RM30m. As for landbank, it has 1,423ha of land in Peninsular Malaysia including 1011.7ha of estate land earmarked for future township developments. (Bernama) 24/02/2021 8:55 AM
You see the sell queue parking volume then you know operator is in control. Today volume surge highest 70 mill volume and same break at last high resistance point 0.140
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sekulper
7 posts
Posted by sekulper > 2021-02-18 09:50 | Report Abuse
All thr bros. Watch out this counter. Sudden gush in volume this morning at 9.20 am.