SunCon posts flat profit in Q2, LRT3 review affects its revenue

KUALA LUMPUR: Sunway Construction Group Bhd expects its performance this year to be “slightly affected” by the Light Rail Transit line 3 (LRT3) project review after posting flat earnings in the second quarter.

Net profit in the three months ended June 30 was unchanged at RM35.86mil, despite a 30% jump in revenue to RM544mil. The lower profit margin, SunCon told Bursa Malaysia on Thursday, was due to the decline in profitability in its precast segment.