“The projects in Melaka are all landed residential properties, two of which are marketed to the middle-income segment while the other two are affordable housing projects offered to the masses,” managing director Richard Teo Lay Ban said.
PETALING JAYA: Teladan Setia Group Bhd
’s net profit for the first quarter ended March 31, 2022 (1Q22) rose to its highest since the group’s listing on the ACE Market of Bursa Malaysia in March 2021.
With growth driven by higher property sales as well as quicker construction progress, the Melaka-based property developer saw its earnings increase one-third to RM9.5mil from RM7.1mil in 1Q21.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
