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PETALING JAYA (May 28): Sunsuria Bhd‘s revenue for the second quarter of financial year 2021 increased 31% to RM62.95 million, from RM47.94 million in the Q1FY2021.
The developer recorded a net profit of RM5.12 million in Q2FY2021, as compared to RM5.32 million in Q1FY2021.
In a media statement today, Sunsuria attributed the higher revenue to the on-going projects in Klang Valley including Monet Springtime, Monet Garden Townhouses and Villa, Giverny Walk dual frontage shop offices and Tangerine Suites at Sunsuria City, as well as Sunsuria Forum (Phase 2) @ 7th Avenue at Setia Alam and Block D Verdura at Bangsar Hill Park at Lorong Maarof in Bangsar.
It noted that the completion of the acquisition of Bangsar Hill Park in February 2021, has contributed to higher total sales for Q2FY2021.
“The contribution from the project is marginal as the work progress of Block D Verdura is still at the initial stage of development,” said the company. The Bangsar Hill Park project has an estimated gross development value of RM3.01 billion.
“We are hopeful to beat the pandemic in the long run. In the meantime, we will continue to be cautious as we approach the year ahead. Moving forward, we continue to exercise caution in spending and growing the business.
“The pandemic has fundamentally changed the way we live and work, so we too must challenge ourselves to go beyond ‘business as usual’ and to seek out new opportunities for growth,” said Sunsuria’s executive chairman Tan Sri Ter Leong Yap.
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