SunCon Q4 net profit up to RM37mil

In a statement to Bursa Malaysia, SunCon said its subsidiary Sunway Construction Sdn Bhd it accepted a letter of acceptance worth RM23.17mil from Tenaga Nasional Bhd to conduct piling works for the TNB Campus in Kuala Lumpur

PETALING JAYA: Sunway Construction Group Bhd (SunCon) saw its net profit jumping 26.6% to RM36.57mil in the fourth quarter to end-December compared with RM28.89mil a year earlier, despite a lower revenue recorded during the period.

In a filing with Bursa Malaysia, the company said the improvement in its profit margin in the quarter was due to the finalisation of an account of a project.