Battersea earnings could be recognised by Q4 next year

Kwasa Land Sdn Bhd is a unit of the Employees Provident Fund

PETALING JAYA: Earnings from the sale of Sime Darby Property Bhd’s Battersea Power Station Phase 2 (BPS2) project to Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) could be recognised by as early as the fourth quarter of next year.

In a research report yesterday, Maybank Investment Bank Research (Maybank IB) said the deal with PNB - EPF was expected to be concluded by next month.