Sunway Q1 earnings fall to RM102mil

KUALA LUMPUR: Sunway Bhd’s earnings fell by 30.3% year-on-year to RM102.1mil for the first quarter (Q1) ended March 31 despite a marginal 0.8% increase in revenue, mainly due to investment property disposals in last year’s corresponding quarter.

“However, in terms of operational performance, the property development and property investment segments recorded better financial results, whereas the other segments generally recorded lower profits,” the construction and property-based group said in its quarterly results report to Bursa Malaysia yesterday.