PETALING JAYA: Sunway Construction Group (SunCon) Bhd saw its net profit for its fourth quarter ended Dec 31, 2020 slip 4.5% to RM30.2 million from RM...
Sunway Construction Group Bhd saw its net profit for its fourth quarter ended Dec 31, 2020 slip 4.5% to RM30.2 million from RM31.64 million reported in the same quarter of the previous year on the back of lower margins despite higher revenue.According to its Bursa filing, the group’s construction segment saw a 1.8% lower profit before tax of RM37.3 million for the quarter against RM38 million previously mainly due to provision made for one of its debtors.
The group declared a second interim single-tier dividend of 2.75 sen per ordinary share for the financial year ended Dec 31, 2020 to be paid on April 7, 2021.
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