Mah Sing third-quarter net profit up 55%

Mah Sing group chief executive officer Datuk Ho Hon Sang called for the extension of the Home Ownership Campaign, which will be coming to an end by Dec 31.

PETALING JAYA: Mah Sing Group Bhd reported a 54.7% year-on-year (y-o-y) increase in net profit for the third quarter ended Sept 30, 2021 as lower cost of sales and income tax expense boosted its bottomline despite a weaker turnover.

In a filing with the stock exchange yesterday, the property developer said it had registered a net profit of RM40.17mil in the third quarter, as compared to RM25.96mil in the previous corresponding quarter.