Mulpha Land still in the red

KUALA LUMPUR: Mulpha Land Bhd posted a net loss of RM90,000 for its third quarter ended Sept 30, 2007, compared with a net profit of RM450,000 a year earlier despite a 30% rise in revenue to RM3.86 million from RM2.95 million.Earning per share was 0.15 sen.

The property firm attributed the losses mainly to lower contribution from Bukit Puchor Sdn Bhd which it acquired in July 2006.

For the nine months, net profit fell 67% to RM81,000 from RM247,000 a year earlier despite its revenue more than doubled to RM10.18 million.

It said the performance for 4Q07 was expected to be satisfactory.

By The EDGE