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Monday, 21 May 2018

(NST) Sunway profit rises to RM137m in Q1


KUALA LUMPUR: Sunway Bhd's net profit for the first quarter (Q1) ended March 31, 2018 rose to RM137.48 million from RM124.37 million in the same period last year.

Revenue increased to RM1.30 billion from RM1.08 billion previously.

In a filing to Bursa Malaysia, it said revenue in the current quarter was 20.2 per cent higher due to improved contribution from all business segment, except property development.

“Our strong balance sheet and diversified portfolios put us in a good position to capitalise on any opportunities which may arise.

“Barring any unforeseen circumstances, the group is confident that it will continue to perform better in the next quarter,” said Chief Financial Officer Chong Chang Choong.