By ANGELA TAN
MCL Land Ltd on Thursday reported a net profit of US$162.9 million for the half year 2010 compared to a net profit of US$38 million a year ago.
The group recognised profits from the completion of Waterfall Gardens as well as the reversal of a US$51 million writedown previously made in respect of The Estuary development in Singapore.
Like a year ago, the board is not recommending an interim dividend for the period.
