S P Setia records 1QFY2025 profit before tax of RM141 mil, continues to reduce its borrowings by another RM156 mil
Remains committed to achieving its RM4.
Remains committed to achieving its RM4.
The robust bottom-line growth was fuelled by a 47% jump in revenue to RM893.
The Johor-based property developer's net profit expanded to RM153.
The property investment division saw stable rental income and gains from a joint venture's office tower sale, offset by a loss on an overseas property.
As of Dec 31, the group's outstanding order book was RM1.
The higher sales saw its quarterly revenue increase by 26.
Chin Hin anticipates “steady growth” in the upcoming quarters, supported by the new subsidiaries and “firm performance” across all divisions.
Net profit for the three months ended Sept 30, 2024 (3QFY2024), stood at RM46.
The planned launches during the year with a total estimated gross development value (GDV) of RM459 million include new phases of double-storey houses within Glomac’s established township developments.