Revenue from mall: Revenue from property investment business was higher due to additional revenue from the Sunway Velocity Mall which was opened in December 2016.
PETALING JAYA: Construction-and-property firm Sunway Bhd
posted a 5.69% rise in net profit to RM107.91mil for the first quarter ended March 31 compared to the same quarter a year ago on contribution from all business segments except the property development arm.
The company said in a Bursa Malaysia announcement that revenue was 2.08% higher at RM1.09bil with the construction business posting a marginal drop in profit before tax to RM36.9mil although revenue was up slightly at RM316.8mil compared to RM311.4mil.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
