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S P Setia's 1Q Net Profit Surges to RM77.33mil

S P Setia's 1Q Net Profit Surges to RM77.33mil

S P Setia第一季度淨利潤激增至7,733萬令吉
實達集團 ·  05/16 12:00

S P Setia Bhd achieved a total of RM1.42bil in sales in the first quarter ended March 31, 2024, on track to meeting its sales target of RM4.4bil in 2024.
In a statement, the property developer said the sales contributions were mainly from the southern and central regions in Malaysia.
S P Setia registered a net profit of RM77.33mil in 1QFY24 as compared to RM55.45mil in the same quarter in 2023, representing an earnings per share of 0.56 sen against 0.36 sen.
Revenue during the quarter under review was RM1.48bil, up from RM967.67mil.
S P Setia president and CEO Datuk Choong Kai Wai said the group experienced growth across its domestic and international markets despite the challenging global business environment.
"Our first-quarter results is a testament to the robustness of our business model and the success of our strategic market expansions. We've seen growth across the board, and while we're looking ahead with positivity, we're conscious of the need to maintain a steady hand on the tiller," he said.
According to Choong, the group's property development segment achieved pre-tax profit of RM180.8mil in 1QFY24, a 38.6% increase from the previous corresponding quarter.
This was driven by higher gross profit as the group benefited from higher contribution from its Eco Xuan development project in Vietnam, supported by landbank management and higher contribution from domestic property development.
Choong said the group's investment properties and hotels also contributed higher profit during the quarter, compared to the loss-making performance in the previous year.
He noted also that project completions, especially within Australia, have been particularly successful due to the group's diversified approach.
In 1QFY24, the group launched new projects with a combined gross development value of RM146.2mil.

截至2024年3月31日的第一季度,S P Setia Bhd的總銷售額達到14.2億令吉,有望在2024年實現其44億令吉的銷售目標。
該房地產開發商在一份聲明中表示,銷售貢獻主要來自馬來西亞的南部和中部地區。
S P Setia在 1QFY24 中實現了7,733萬令吉的淨利潤,而2023年同期爲5,545萬令吉,每股收益爲0.56仙兌0.36仙。
本報告所述季度的收入爲14.8億令吉,高於9.6767億令吉。
S P Setia總裁兼首席執行官Datuk Choong Kai Wai表示,儘管全球商業環境充滿挑戰,但該集團的國內和國際市場仍實現了增長。
“我們第一季度的業績證明了我們商業模式的穩健性和戰略市場擴張的成功。我們已經看到了全面的增長,在我們積極展望未來的同時,我們意識到需要保持穩定的控制權,” 他說。
根據Choong的說法,該集團的房地產開發部門在 1QFY24 中實現了1.808億令吉的稅前利潤,較上一季度增長了38.6%。
這是由毛利潤增加所推動的,因爲該集團受益於其在越南的Eco Xuan開發項目的更高貢獻,並得到土地儲備管理的支持,以及國內房地產開發的更高貢獻。
Choong說,與去年的虧損表現相比,該集團的投資物業和酒店在本季度也貢獻了更高的利潤。
他還指出,由於該集團的多元化方法,項目竣工,尤其是在澳大利亞境內,尤其是在澳大利亞境內,尤其是在澳大利亞境內。
在 1QFY24 中,該集團啓動了新項目,總開發價值爲1.462億令吉。

譯文內容由第三人軟體翻譯。


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