S P Setia president and chief executive officer Datuk Khor Chap Jen (pic) said the group recorded a significant surge of RM1.56bil in sales in the final quarter of 2020 against the backdrop of a resurgence in Covid-19 cases and subsequent re-implementation of the movement control order.
PETALING JAYA: S P Setia Bhd surpassed its sales target of RM3.8bil by achieving a commendable total sales of RM3.82bil for its financial year ended Dec 31,2020, amidst the Covid-19 pandemic.
Against the backdrop of this noteworthy accomplishment and complemented by a revenue of RM3.23bil achieved by the property developer, impairment provisions of RM475.9mil made in the second and third quarters of 2020 nevertheless resulted in the group registering a pre-tax loss of RM156.7mil for the year in review.
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