Country View Bhd achieved a pre-tax profit of RM483,000 on the back of a turnover of RM144.570 million for the second quarter ending May 31, 2022 from a pre-tax profit of RM3.943 million on the back of a turnover of RM22.086 million previously.
In a Bursa Filing, it said that the revenue and profit before tax were mainly derived from the property development division. Revenue and profit before tax decreased by 34% and 88% respectively as compared to the preceding year’s corresponding quarter.
The revenue and profit before tax for the current year quarter were mainly derived from the sales of its new development, the Aurora Resort Villas (ARVs) at Aurora Sentral. Despite the good sales of the ARVs, the revenue and profit before tax for the current year quarter had declined mainly due to low percentage of recognition as it is still in its early stage of construction.
