According to a filing to Bursa on Monday May 3, the increase in both revenue and PBT was mainly due to the group’s acquisition of Diamaward (M) Sdn Bhd, which contributed RM18.9 million revenue in its current quarter; higher revenue and attributable profit on percentage of work done on its current construction of its two residential towers of Gurney Paragon in Penang; and stronger property sales compared to the same period last year.
The Group views the prospect for the current financial year to be positive due to the improving market sentiment and pace of construction work.
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