SP Setia Bhd
has turned in a fine performance for its financial year ended Oct 30 with a 21.6% increase in group profit after tax and minority interest to RM126mil. Group revenue for the year was also significantly higher, rising 27% to RM821.7mil.
In a filing with the KLSE yesterday, SP Setia attributed the improved results mainly to progressive profit recognised on properties sold in its Duta Nusantara project in Sri Hartamas, Kuala Lumpur, and completed properties in Setia Indah and Bukit Indah Bandar Nusajaya in Johor as well as Pusat Bandar Puchong in Selangor.
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