China Press, 28 May 2011 - Dijaya Corporation’s development worth more than 3.5 billion for the next 2 years

China Press, 28 May 2011

Dijaya Corporation Bhd (DIJACOR, 5401, Main Board) announced that they will be launching new properties with GDV of more than RM3.5 billion within the next two years.

Dijaya MD said these projects include W KL Hotel & Residences, Tropicana Danga Bay serviced apartment, Tropicana Gardens commercial centre, Tropicana Avenue business and retail centre, Tropicana Bayou mixed development and Cheras high-end residential landed properties.

He believes, with these projects in the pipeline, the company is poised for growth.

The company announced yesterday that the company’s net profit for the year surged by 4.9 times to RM18.14 million for the first quarter ended 31 March 2011, compared to RM3.15 million for the corresponding quarter last year. This is due to contributions from new projects.