Mah Sing on track to achieve 2021 sales target


With its quick turnaround and nimble business model, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum (pic) said the company is able to quickly adapt to the changing market conditions, whilst aligning its business strategies with the latest trends in the market.

PETALING JAYA: Mah Sing Group Bhd’s pre-tax profit surged 35.1% to RM56.2mil on the back of a revenue of RM413.3mil for the first quarter ended March 31,2021, compared with a pre-tax profit of RM41.6mil and revenue of RM371.1mil in the previous corresponding period.

In a statement yesterday, the group said it also achieved property sales of approximately RM650.5mil for the first five months of 2021 as at end May, while locking in RM400mil for the first quarter ended March 31,2021.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Mah Sing , Q1 , property , Leong Hoy Kum , gloves ,

   

Next In Business News

PepsiCo's first-quarter results beat as international demand drives growth
Spotify profits up, but lower marketing hits user growth
Rafizi: Economy continues to strengthen along with Bursa Malaysia
MAHB's 1Q24 traffic hits more than 90% recovery rate against 1Q19
IRDA's RM636bil investment goal to help propel Malaysia into top 30 global economies
DXN Holdings net profit for FY24 rises to RM310.99mil
Ringgit closes slightly lower against US dollar
Inta Bina bags RM170mil construction job
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
Crest Builder bags RM486mil condo job

Others Also Read