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.
