DIVERSIFIED Boustead Holdings Bhd said its fourth quarter net profit rose eight per cent as better sales were offset by higher interest and tax charges. It is bullish of its performance this year, which will be driven by strong palm oil prices and better demand for its properties.Boustead also expects its banking arm, Affin Holdings Bhd, to do better this year."Property Division will continue to be a major profit contributor, with profit deriving mainly from the Mutiara Damansara and Mutiara Rini Johor projects."Affin Group is expected to produce better results for the coming year," it said in a statement to Bursa Malaysia yesterday. Read more
(New Straits Times 1-3-2008)
