Suria Capital records higher profit of RM100.86mil
Published on: Saturday, August 29, 2015
Kuala Lumpur: Suria Capital Holdings Bhd recorded a higher pre-tax profit of RM100.86 million for the second quarter ended June 30, 2015 from RM22.07 million in the same period last year.Its revenue grew threefold to RM300.46 million from RM68.31 million previously, attributed to the property development segment.In a filing to Bursa Malaysia, the group said its property development segment generated RM233.3 million, contributing 78 per cent to the group's revenue and more than 100 per cent to operating profit.
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"The income was derived from a joint-venture with SBC Corp Bhd to develop a 6.5 hectares land called Jesselton Quay in Tanjung Lipat, Kota Kinabalu," it said.For the half-year, Suria Capital's pre-tax profit rose 180 per cent to RM118.9 million from RM42.4 million in the same period last year, on revenues of RM362.2 million from RM139.8 million, respectively.Stay up-to-date by following Daily Express’s Telegram channel.
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