KUALA LUMPUR, June 1 (Bernama) — Country Heights Holdings Berhad (“CHHB”), a diversified property, hospitality, and wellness group has announced the results for its first quarter ended 31 March 2022 (1Q2022) with total revenue of RM9.2 million compared to RM7.7 million for the previous year’s corresponding quarter ended 31 March 2021. Profit before tax was RM3.55 million for the current quarter compared to a RM5.2 million loss before tax in the previous year’s corresponding quarter.
Managing Director of CHHB, Datuk Jared Lim commented, “We are optimistic that FY2022 will be a strong profitable year as the economy opens up and we begin releasing our products for sale in 2Q 2022. Even as we begin launching our RM300 million property program to monetize our Realisable Net Asset Value, we remain committed to adopting technology to transform our business model, including executing the partnership with JD.com and the development of Mines Smart City.