|RM mil||Revenue||Net Profit|
Thursday, 16 August 2012
Tambun Indah Sets New High
Tambun Indah has just released its latest 2012 2nd quarter financial result. As expected, it is its best ever quarterly result.
For 2012Q2, Tambun Indah's revenue grows 52% YoY, 20% QoQ to RM79mil, and its net profit grow 100% YoY, 3% QoQ to RM9.5mil. Its year 2011 dividend of 3.8sen will be ex-ed on 28th Aug.
Tambun Indah will launch 5 projects in the 2nd half of 2012, namely Pearl Residence 1, Pearl Impian 1, Straits Garden, BM Residence & Carissa Villa. Most of them are already open for sales actually.
Tambun Indah provides installment up to 36 months for 10% down-payment for house buyers. Together with its current 8 running projects, we can expect money to flow into its bank account consistently via the post-dated cheques & bank loan release for the next 2-3 years.
Besides Straits Garden in Penang island which has decent sales despite being labeled overprice, the next project that could boost its revenue is the Pearl City Business Park at Simpang Ampat. It may not be launched until next year though the land is being cleared at the moment.
Pearl City Business Park: part of the land cleared