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.