UEM Sunrise aims to be profitable this year


According to its chief executive officer Sufian Abdullah, the group has set out a three-year strategy that includes disposing of non-core assets, masterplan revisions at some of its major property projects in Johor, and refocusing its revenue stream in property development.

PETALING JAYA: UEM Sunrise Bhd aims to return to profitability this year after the Covid-19 pandemic widened the group’s losses.

The property development company has been loss-making over the last eight quarters.

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!
   

Next In Business News

IT buoys GDEX’s confidence
Kelington to reap the benefits of a diversified business strategy
Rising data centre ability
Making scents of success
Investors brace for 5% Treasury yields
Are there too many GPs and is the healthcare system overwhelmed?
Sapura Energy takes a step to turn the tide
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Singapore’s growth trajectory remains intact
Powering on data centres

Others Also Read