KUALA LUMPUR: Bolton Bhd, which has shifted into property development, is confident of achieving a higher profit margin in the next financial year ending March 31, 2009 despite high building material costs, its chief financial officer Hazurin Harun said. Bolton is moving into property development following the recent sale of its quarry assets, premix business and properties. Property projects lined up by Bolton include The Surin in Penang, The Mayang project and a high-end Jalan Bukit Ceylon development in KL’s central business district. Hazurin said the Tijani luxurious residential project in Bukit Tunku was expected to be the main contributor to the company’s property development earnings in FY08. The Tijani, comprising bungalow lots, semi-detached houses and duplex units and condominiums, has registered a 98% take-up rate since its launch in 2002.
(7-1-2008 The Edge)
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