Tambun Indah Land Bhd Q3 pre-tax profit falls to RM32.91 million

Tambun Indah Land Bhd Q3 pre-tax profit falls to RM32.91 million

KUALA LUMPUR, Nov 19 — Tambun Indah Land Bhd’s pre-tax profit for the third quarter (Q3) ended Sept 30, 2015 fell RM32.91 million from RM34.76 million in the corresponding period last year, partly attributable to lower marketing and finance costs.

Revenue declined to RM86.18 million from RM116.77 million previously, it said in a filing to Bursa Malaysia Thursday.

The property developer said it has achieved an average take-up rate of 90.9 per cent for its ongoing projects, with a total gross development value of RM1.20 billion and unbilled sales of approximately RM343.22 million as at Sept 30, 2015.

“These should contribute positively to the group’s earnings for the next two to three years,” it said.

— BERNAMA

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