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Results: SP Setia's Q1 profit rises
by hlk Thu 22 Mar 2012, 23:38
# SP Setia Bhd's pre-tax profit for the first quarter ended Jan 31, 2012 rose to RM100.72 million from RM87.40 million in the same quarter last year.
Revenue, however, fell to RM491.58 million from RM518.89 million previously.
In a filing to Bursa Malaysia today, the property developer said its pre-tax profit for the property development segment rose by 12 per cent despite a three per cent fall in revenue, mainly due to the increase in profit margin arising from group's success in steadily increasing the selling prices for its products through continuous value-creation.
# Glomac Berhad's net profit for the third quarter of its financial year ending April 30, 2012, rose to RM21.9 million from RM16.5 million in the previous corresponding period.
Net profit for the first nine months of financial year ending April 30, 2012, increased to RM63.5 million from the RM48 million achieved in the previous corresponding period.
In a statement today, the group said the amount had surpassed the company’s full year net profit of RM63.0 million in the previous financial year ended April 30, 2011. - Bernama
Revenue, however, fell to RM491.58 million from RM518.89 million previously.
In a filing to Bursa Malaysia today, the property developer said its pre-tax profit for the property development segment rose by 12 per cent despite a three per cent fall in revenue, mainly due to the increase in profit margin arising from group's success in steadily increasing the selling prices for its products through continuous value-creation.
# Glomac Berhad's net profit for the third quarter of its financial year ending April 30, 2012, rose to RM21.9 million from RM16.5 million in the previous corresponding period.
Net profit for the first nine months of financial year ending April 30, 2012, increased to RM63.5 million from the RM48 million achieved in the previous corresponding period.
In a statement today, the group said the amount had surpassed the company’s full year net profit of RM63.0 million in the previous financial year ended April 30, 2011. - Bernama
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