Revenue for the quarter decreased 29% y-oy to RM23.42mil due to lower sales achieved from the Bandar U @ Seri Iskandar and Astetica Residence @ Seri Kembangan property projects, it said in a filing with Bursa Malaysia. (File pic shows Ridgewood@Taman Bercham Permai in Bercham, Ipoh, by Hua Yang Bhd.)
PETALING JAYA: Hua Yang Bhd
’s net profit for its first quarter ended June 30, fell 74.5% year-on-year (y-o-y) to RM227,000 due to reversal of impairment loss on financial instruments in the immediate preceding quarter.
Revenue for the quarter decreased 29% y-oy to RM23.42mil due to lower sales achieved from the Bandar U @ Seri Iskandar and Astetica Residence @ Seri Kembangan property projects, it said in a filing with Bursa Malaysia.
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