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KUALA LUMPUR: Sunway Bhd’s net profit for the second quarter ended June 30, 2014 (2QFY14) rose 7.1% to RM182.53 million from RM170.35 million a year ago.
Revenue for the quarter rose 6.6% to RM1.2 billion, from RM1.12 billion a year ago.
The company announced a dividend per share of five sen.
The group attributed its higher revenue to its property development, construction and healthcare segments.
For its property development segment, the company reported profit before tax (PBT) of RM75.7 million in 2QFY14, compared with RM71.9 million in the same period a year ago.
Its construction segment recorded revenue of RM426.1 million and PBT of RM32.7 million in 2QFY14 due to higher progress billings from its existing projects and elimination of inter-company transactions.
Its other segments, including the healthcare business, recorded a revenue of RM111.1 million and PBT of RM23.8 million 2QFY14, compared with revenue of RM89.1 million and PBT of RM8.7 million in 2QFY13.
On its prospects, Sunway said given a relatively buoyant domestic economy, the group is well positioned to benefit from such an economic environment.
“The group is confident of delivering a stronger performance in the second half of this financial year,” Sunway added.
This article first appeared in The Edge Financial Daily, on August 29, 2014.
