Strong sales lift Plenitude’s earnings

Public visit Plenitude booth at The Star property fair. (file pic)

PETALING JAYA: Plenitude Bhd swung back to the black, with a net profit of RM8.15mil for the fourth quarter of its financial year ended June 30, 2021 (Q4’21), compared with a net loss of RM2.57mil in Q4’20.

During the quarter in review, the property and hospitality group saw its revenue jump almost six-fold to RM71.19mil from RM12.15mil in Q4’20 due mainly to higher sales of properties and higher contribution from on-going development properties.