Scientex’s 2Q net profit grows 13.5% amid stronger demand in property business
Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.
Scientex noted that its property business is seeing improvements in the authority approval process, which has expedited and contributed to better revenue recognition.
UOA said total new property sales last year amounted to approximately RM638.
Revenue for the construction segment rose 22.
The property developer said it achieved RM640 million new sales in 3QFY2022, the highest quarterly sales recorded since 2017, while unbilled sales stood at RM2.
“The group's performance for this year was mainly derived from profit recognition from sales of inventories in Pangsapuri Samudera, and progressive profit recognition of Kiara 163 KL.
Its property development segment made up the remaining 33.
This compares to the net loss of RM7.
KUALA LUMPUR (Aug 27): Paramount Corp Bhd’s property division achieved a profit before tax (PBT) of RM20.
KUALA LUMPUR (Aug 26): Sunsuria Bhd’s net profit rose 27.
KUALA LUMPUR (Aug 19): Sunway Construction Group Bhd's (SunCon) net profit more than trebled to RM8.