S P Setia records 71% jump in 4Q net profit, full-year sales exceed target
The property developer highlighted that it achieved RM5.
The property developer highlighted that it achieved RM5.
For the property development segment, “the company’s immediate priorities moving forward remain on enhancing its cash flow by monetising its unsold completed stock”, which stood at RM384.
Net profit margin for the fourth quarter ended Dec 31, 2023 (4QFY2023) came in at 7.
In a bourse filing on Thursday, BDB said revenue for the year rose to RM316.
The group registered a net profit of RM57.
The group noted that though “revenue in the property development segment has declined by 16%, the contraction is partially offset by the impressive performance observed in our property investment segment which improved by 25%”.
On a segmental basis, Ekovest’s revenue from property development tumbled 86.
The property segment also saw an increase of 33.
Quarterly revenue rose 26.
In a note on Thursday, the research house said AME Elite's stronger earnings were driven by higher contributions from its property development, engineering, and property investment segments.