UEM Sunrise posts strongest net profit in five years

UEM Sunrise officer-in-charge and chief financial officer Hafizuddin Sulaiman

PETALING JAYA: UEM Sunrise Bhd posted its strongest net profit in five years as it crossed its sales target for the financial year 2024 by nearly half-a-billion ringgit.

The property developer, which is majority-owned by Khazanah Nasional Bhd, reported a net profit of RM104.34mil - which increased by 37.8% year-on-year (y-o-y) in its financial year ended Dec 31, 2024 (FY24)