Mah Sing FY21 net profit up 71% to RM161mil

“With stronger sales and a rebound in construction activities, we expect to deliver even better performance this financial year 2022,’’ said Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum (pic) in a statement.

PETALING JAYA: Mah Sing Group Bhd’s net profit surged 70.5% to RM160.86mil for the financial year ended Dec 31, 2021 (FY21) from RM94.34mil a year earlier, boosted by its new property sales which returned to the pre-pandemic level of RM1.6bil.

Revenue for the year came up to RM1.75bil compared with RM1.53bil a year ago.