UEM Sunrise chief executive officer Sufian Abdullah
PETALING JAYA: UEM Sunrise Bhd
returned to profitability in the first quarter ended March 31, 2022 (1Q22) with a net profit of RM19.02mil compared to a loss of RM4.3mil in the same period a year ago.
Revenue was up by 65% to RM417mil year-on-year. This was supported mainly by local property development activities and the sale of 19 industrial plots in phase three of the Southern Industrial and Logistics Clusters in Iskandar Puteri, Johor, the company said.
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