Tambun Indah 3Q earnings at RM12.89mil

PETALING JAYA: Tambun Indah Land Bhd remains mindful of current and upcoming challenges, amid rising interest rates and the escalation in construction costs.

In a filing with Bursa Malaysia, the company said it will continue to exercise prudence in new project launches, with a focus on mid-market landed projects.

For the third quarter ended Sept 30, 2023, its net profit was lower at RM12.89mil, compared with RM17.32mil in the previous corresponding period. Revenue dipped to RM48.21mil from RM65.58mil before.

Basic earnings per share stood at 2.93 sen versus 3.94 sen previously.