Higher sales rental volumes spur DPS Resources


DPS is confident to remain profitable in the financial year ending March 31 (FY21) as the group will focus on developing affordable housing projects to drive its profitability.

KUALA LUMPUR: Diversified group DPS Resources Bhd’s (DPS) net profit fell 57.1% to RM4.67mil in the third quarter (Q3’21) ended Dec 31, from RM10.91mil a year ago dragged down by its investment holdings segment.

However, in a filing to Bursa Malaysia, it said the group’s revenue rose 82.1% to RM24.38mil in the quarter compared to RM13.39mil a year ago driven by higher volume sales of rental of building with comprehensive services and property development sales.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

DPS Resources , sales , rental

   

Next In Business News

Farm Fresh expansion plans, recovering profit margin bolster outlook
Ringgit continues uptrend against US$
Bursa stays sideways pending fresh leads, US rate clarity
Trading ideas: KPJ, PetChem, Press Metal, IOI, KLCCP, Bank Islam, Gas Malaysia, IGB, Leong Hip, Farm Fresh and WCE
Stagger targeted subsidy initiatives
H.R. Owen wins best Lamborghini showroom in the world
Thong Guan sees soft demand and higher expenses
Westports year-end volume growth likely at 5% to 6%
Green energy – between investments and returns
Govt will step in if MNOs fail to reach 5G stake deal

Others Also Read