KUALA LUMPUR, Aug 18 ― SP Setia Bhd swung back to profit in the first half of the year ended June 30, recording a net profit of RM150 million against a loss of RM110 million in the same period a year ago. Revenue rose to RM2.14 billion from RM1.03 billion previously, the group said in a filing to...
KUALA LUMPUR, Aug 18 ― SP Setia Bhd swung back to profit in the first half of the year ended June 30, recording a net profit of RM150 million against a loss of RM110 million in the same period a year ago.
President and chief executive officer Datuk Khor Chap Jen said the results achieved for the first half of the year were largely attributed to the strong sales performance for the first five months of the financial year on the back of a generally upbeat local market sentiment early this year. He noted that the total gross development value of RM687 million of landed properties comprising mostly affordable double-storey terraces and semi-detached homes were launched during this period with high take-up rates seen, especially in established and matured townships.For the second half of this year, the group will be offering new developments worth RM2.47 billion in its various townships, including Setia Alam, Setia Ecohill 2, Setia Eco Park, and Setia Eco Glades.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Walmart reports solid US sales growth, lifts forecast | Malay MailNEW YORK, Aug 17 — Walmart lifted its full-year forecast today following another solid performance at its US stores in the second quarter even as e-commerce growth slowed compared with earlier in the pandemic. The giant US retailer cited an especially good performance in its grocery business...
Read more »
Taliban say won’t seek ‘revenge’, co-founder back in Afghanistan | Malay MailKABUL, Aug 18 — The Taliban have pledged not to seek “revenge” against their opponents in Afghanistan in their first press conference since taking power, as the United States said they would hold the insurgents to their promises to respect human rights. The Taliban announcements came...
Read more »
Lukaku back at Chelsea as a more complete player | Malay MailLONDON, Aug 17 — Belgium international Romelu Lukaku said he has evolved since he last played in the Premier League two years ago and has returned to Chelsea as a more complete player. The 28-year-old striker moved to Chelsea from Inter Milan last week for a reported sum of £97.5 million...
Read more »
Gas Malaysia Q2 net profit rises to RM62.34m | Malay MailKUALA LUMPUR, Aug 17 — Gas Malaysia Bhd’s net profit in the second quarter ended June 30, 2021 (Q2 2021) rose to RM62.34 million from RM44.62 million in the same period last year. This was mainly due to higher gross profit and lower finance cost, offset by higher operating expenses as well as...
Read more »
Muda Holdings Q2 net profit rises to RM24.35m | Malay MailKUALA LUMPUR, Aug 17 — Muda Holdings Bhd’s net profit rose to RM24.35 million in the second quarter ended June 30, 2021 (Q2 2021) from RM10.49 million in the same period last year. Revenue increased to RM399.77 million from RM272.59 million previously. In a filing with Bursa Malaysia today, the...
Read more »
Bursa Malaysia opens lower on profit-taking | Malay MailKUALA LUMPUR, Aug 18 ― Bursa Malaysia opened lower this morning, with the key index falling by 0.24 per cent due to profit-taking after yesterday’s strong performance. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 3.69 points to 1,519.90 from yesterday’s close...
Read more »