SP Setia shares surge to a three-year high

  • Business Premium
  • Thursday, 25 Sep 2003

SP Setia Bhd shares surged to a three-year high of RM3.44 yesterday after the property developer reported overnight what the market regarded as a respectable set of third-quarter figures. 

For the three months to end-July, the company recorded a 25% rise in net profit to RM36.5mil from RM29.1mil in the corresponding period last year. Revenue for the latest quarter was marginally higher at RM228.7mil compared with RM211.9mil previously. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

CPO futures forecast to trade with downside bias next week Premium
Proposed telco merger outside MyCC's purview, CEO says Premium
Portugal's EDP betting on floating solar farms in Southeast Asia Premium
Oil price rises more than 2% as supply outages outweigh recession fears Premium
Wall St Week Ahead-Investors brace for pivotal July after dismal first half Premium
Thai Airways aims for 2024 completion of restructuring Premium
Labour issues dominate businesses Premium
Education needs to be realigned to meet industry demand Premium
Short Position - Who will helm MPOA next?, Shorter is not better, Large-scale solar mess Premium
GST net collection may not be as high as thought Premium

Others Also Read