# UEM Land Holdings Bhd has recorded higher profit before income tax of RM71.623 million for the first quarter ended March 31, 2012 from RM26.317 million in the preceding year corresponding quarter.

The group recorded higher revenue of RM303.717 million from RM187.685 million.

In a filing to Bursa Malaysia today, it said while the property market was expected to remain cautious in the short term given the prevailing lending environment, the board of UEM Land was confident of the group's prospects in the current financial year.

Its ongoing projects have an unbilled sales of RM1.85 billion as at March 31, 2012.


# Kelington Group Bhd's pre-tax profit increased by 24 per cent to RM990,000 for the first three months ended March 31, 2012, from RM800,000 in the same period last year.

Revenue increased by 38 per cent to RM26.7 million from the previous RM19.4 million.

In a statement today, it said the revenue increase was attributable to higher revenue contribution from operations in Singapore and Taiwan, of approximately 37 per cent and 34 per cent, respectively. -- Bernama