Sunway posts RM108m profit

Revenue from mall: Revenue from property investment business was higher due to additional revenue from the Sunway Velocity Mall which was opened in December 2016.

PETALING JAYA: Construction-and-property firm Sunway Bhd posted a 5.69% rise in net profit to RM107.91mil for the first quarter ended March 31 compared to the same quarter a year ago on contribution from all business segments except the property development arm.

The company said in a Bursa Malaysia announcement that revenue was 2.08% higher at RM1.09bil with the construction business posting a marginal drop in profit before tax to RM36.9mil although revenue was up slightly at RM316.8mil compared to RM311.4mil.