SP Setia sales up on higher progress billings


Khor:

PETALING JAYA: Higher progress billings boosted SP Setia Bhd’s sales in the first quarter ended March 31, but the increase in promotional activities and early recognition of tax expenses dented its profits.

The property developer recorded a revenue of RM908.5mil and a net profit of RM123.4mil during the three-month period.

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