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Boustead Properties - Top 10 property developers awards 2007

Boustead Properties Berhad emerged as one of the country's top 10 developers in The Edge Malaysia Top Property Developers Awards 2007

This is the fifth year of the awards.The company was also ranked in the top 10 in 2004 and 2005.The rankings were made based on quantitative and qualitative criteria of the 94 property companies listed on the Main and Second Boards of Bursa Malaysia, based on 2006 financial data

Amongst the quantitative attributes looked at were Shareholders' Funds, Group Revenue, Group Pre-Tax Profit, Gearing (Borrowings against Shareholders' Funds) and Cash and Cash Equivalents.

The five qualitative factors which were considered were Product Quality (service, finishes, timeliness), Innovation and Creativity (product, marketing), Value Creation for Buyers (capital appreciation), Image and Market Perception (credibility, management style, effectiveness) and Expertise (management, experience).