Ahead of the group’s results scheduled to be announced on Feb 25, UOB KayHian Malaysia Research however said that the full-year earnings for 2020 may likely decline significantly by 44% year-on-year. This is due to the absence of order book progress billings recognition during the movement control order period that started in March 2020. (File pic shows model of Kerjaya Prospek's Straits Residences)
PETALING JAYA: Kerjaya Prospek Group Bhd
is expected to post a marginally stronger earnings in the fourth quarter ended Dec 31,2020 as compared to the third quarter, owing to a gradual pick-up in progress billings.
Ahead of the group’s results scheduled to be announced on Feb 25, UOB KayHian Malaysia Research however said that the full-year earnings for 2020 may likely decline significantly by 44% year-on-year.
This is due to the absence of order book progress billings recognition during the movement control order period that started in March 2020.
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