KUALA LUMPUR: Damansara Realty Bhd achieved a second straight quarter in the black, swinging to a net profit of almost RM3 million for the nine months ended September 2017, against a net loss of RM14.5 million a year ago. The integrated facilities management (IFM), project management consultancy (PMC) and property group saw a year-to-date pre-tax profit of RM5.6 million, against a pre-tax loss of RM12.5 million before. This followed a 37 percent jump in revenue to RM182.3 million against RM133.1 million before. Group chief executive officer Brian Iskandar Zulkarim said he is confident that it is on track for a full year of profit. “Our turnaround programme is producing results faster than expected, with revenue growing and our margins increasing,” he said.

Source: New Strait Times November 30, 2017 12:00 UTC