Sunrise 1Q Profit Up More Than Three-Fold to RM75 mil
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Sunrise 1Q Profit Up More Than Three-Fold to RM75 mil
Sunrise Bhd’s net profit for the first quarter ended Sept 30, 2007 (1Q), more than tripled to RM75.17 million from RM20.89 million a year earlier.
Oct 23, 2007
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Sunrise 1Q Profit Up More Than Three-Fold to RM75 milSunrise Bhd’s net profit for the first quarter ended Sept 30, 2007 (1Q), more than tripled to RM75.17 million from RM20.89 million a year earlier.
Oct 23, 2007 |
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Sunrise Bhd’s net profit for the first quarter ended Sept 30, 2007 (1Q), more than tripled to RM75.17 million from RM20.89 million a year earlier. The group attributed this to the completion of the sa
le of retail units and car park lots in Plaza Mont’Kiara, on-going commercial developments such as Solaris Mont’Kiara and Solaris Dutamas, as well as residential developments including Kiara Designer Suites, Banyan, Meridin and 10 Mont’Kiara.
1Q revenue more than doubled to RM220.62 million from RM103.06 million the year before. Earnings per share rose to 17.47 sen from 5.13 sen previously. The group’s sales in 1Q was RM120 million, while unbilled sales stood at RM1.3 billion at end-September.
Commenting on its prospects for the current financial year, Sunrise said that it already has substantial locked-in unbilled sales to date that would be boosted with launches in the pipeline, including 11 Mont’Kiara, a 338-unit upmarket condominium development and phase two of the Residence, an exclusive bungalow development. The company believes that profits from these future billings and the new launches will be recognised substantially over the next two financial years.
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Related Categories: Daily Property News and Updates
Tags: News (Malaysia)
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