Hua Yang Bhd's pre-tax profit for the first nine months of its financial year ending March 31, 2012 rose to RM53.928 million from RM22.753 million registered during the same period last financial year.

Revenue for the nine-month period also grew to RM222.130 million from
RM122.149 million previously.

For its third quarter ended Dec 31, 2011, the company posted a pre-tax
profit of RM19.781 million, a growth from RM10.356 million recorded the previous year.

Revenue for the three-month period was also up to RM84.251 million from
RM49.304 million in the corresponding quarter last year.

In a statement today, the property developer said the strong financial
results were due to better sales achieved for phases under development and
steady recognition of construction progress.

"We have seen strong demand for our projects nationwide. "Our homes in Klang Valley, Ipoh and Johor have received positive response from the mass, middle-income segment consisting of first-time homebuyers and
up-graders," Hua Yang Chief Financial Officer May Chan said.

She said with unbilled sales for the financial quarter standing at
approximately RM505 million, the company was confident of improved earnings visibility for the group going forward.

"We will continue to strive for a stronger finish in our next financial
quarter," Chan said. -- Bernama