PETALING JAYA: Sunway Bhd
remains confident in its ability to navigate global macro headwinds, as it stays focused on strategic priorities, premised on the strong prospects of the real estate and construction industries.
The group said the easing of national monetary policy, coupled with steady implementation of approved investments and initiatives by the government, is contributing to the brighter outlook of both the real estate and construction sectors.
Releasing its results for the second quarter ended June 30 (2Q25), Sunway saw net profit remaining stable year-on-year (y-o-y) at RM273mil, although revenue saw a 62.1% surge to RM2.56bil.
In a filing to Bursa Malaysia, the group attributed the huge jump in 2Q25 turnover primarily to higher contributions from most business segments except for its property development and property investment divisions.
Elaborating on its more modest gains in net profit for 2Q25, Sunway said the corresponding figure from a year ago had included a one-off fair value gain of RM62.4mil from the redemption of an investment, and a share of fair value gain of RM27mil from the newly acquired investment properties of an associate company.
For the first half of 2025 (1H25), the group charted a 4.7% y-o-y growth in net profit to RM463.5mil, while turnover similarly shot up 64.4% to RM4.93bil.
Sunway commented that revenue was higher in the current period due to higher contributions from all business segments except for the property development division, while the improvement in profitability for 1H25 was attributed to stronger operating performance across most businesses, except for property development, healthcare and “others” segments.
Meanwhile, compared to 1Q25, net profit increased 43.2% from RM190.6mil, as revenue grew a more modest 8.2% from RM2.37bil, with Sunway observing that the better sequential results were due to higher contributions from most business segments except for the property investment division.
Notably, the group also declared a dividend of four sen per share for 2Q25, with earnings per share at 4.07 for the quarter and 6.74 for 1H25.
Looking ahead, Sunway is expecting its performance for the financial year ending December 2025 to remain strong, supported also by its healthcare business in addition to its construction and property divisions.
