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SBC Corp expects revenue to go up by 40-50% for current financial year
by Cals Wed 25 Sep 2013, 16:44
SBC Corp expects revenue to go up by 40-50% for current financial year
Business & Markets 2013
Written by Bernama
Wednesday, 25 September 2013 16:00
KUALA LUMPUR (Sept 25): SBC Corp Bhd (SCB), a property developer, expects its revenue to increase by 40 to 50 per cent in the financial year ending March 31, 2014, bolstered by its ongoing and upcoming projects.
SCB Managing Director Sia Teong Heng said currently their unbilled sales stood between RM210 million and RM220 million and expects these to contribute to the group's bottomline.
The group has five projects comprising condominiums, shop offices and landed double-storey houses in Kuala Lumpur, Kota Kinabalu and Kuantan.
The group, which has been making inroads into Kota Kinabalu, has embarked on the redevelopment of the Jesselton Waterfront for an estimated gross development value of RM1.8 billion.
The project, on a 6.6ha site, is a joint venture with the Sabah government- linked company, SURIA CAPITAL HOLDINGS BHD [].
Business & Markets 2013
Written by Bernama
Wednesday, 25 September 2013 16:00
KUALA LUMPUR (Sept 25): SBC Corp Bhd (SCB), a property developer, expects its revenue to increase by 40 to 50 per cent in the financial year ending March 31, 2014, bolstered by its ongoing and upcoming projects.
SCB Managing Director Sia Teong Heng said currently their unbilled sales stood between RM210 million and RM220 million and expects these to contribute to the group's bottomline.
The group has five projects comprising condominiums, shop offices and landed double-storey houses in Kuala Lumpur, Kota Kinabalu and Kuantan.
The group, which has been making inroads into Kota Kinabalu, has embarked on the redevelopment of the Jesselton Waterfront for an estimated gross development value of RM1.8 billion.
The project, on a 6.6ha site, is a joint venture with the Sabah government- linked company, SURIA CAPITAL HOLDINGS BHD [].
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