By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Nov 20) -- Malaysian property developer and construction company Malton said Monday its net profit for the fiscal first quarter jumped four-fold on year due to a gain on revocation of joint development agreement by its unit.
Net profit for the three months through September was 25.93 million ringgit ($6.25 million) from 6.26 million ringgit a year ago, according to an exchange filing. Malton said it booked a gain of 23.8 million ringgit from the revocation of joint development agreement of its unit Silver Setup.
