S P Setia net profit up 62.4% to RM62m on ongoing projects
KUALA LUMPUR: S P Setia Bhd's net profit rose 62.4% to RM62.03 million for its first quarter ended Jan 31, 2011, from RM38.19% a year ago on ongoing property development activities in the Klang Valley, Johor Bahru and Penang.
Its revenue swelled 42.6% to RM518.88 million from RM363.89 million, it announced to Bursa Malaysia on Thursday, Mar 17.