PETALING JAYA: Sunway Bhd
’s net profit for its first quarter ended March 31, 2019 rose 14% to RM136.41mil from RM119.89mil in the previous corresponding period, mainly due to higher contributions from most business segments except trading and manufacturing and quarry.
In a filing with Bursa Malaysia yesterday, the property developer said profit before tax would have been higher by 36.2% compared with the previous corresponding quarter, if not for the adoption of MFRS 15 on one of the group’s Singapore and China property development projects.
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