Mah Sing's net profit rises 18%

KUALA LUMPUR: Mah Sing Group Bhd’s net profit for the first quarter ended March 31, 2015 rose 18% to RM98.89mil from RM83.78mil a year ago due to higher work progress and sales from ongoing development projects.

The property developer said on Thursday, that the ongoing development projects that contributed to its earnings were Icon City, M City, M residence, M Residence 2, Southville City@ KL South and Southbay City.