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Property |

Mah Sing Records Approx RM30 mil Q3 Profit and RM1.2 bil sales

 
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Mah Sing Records Approx RM30 mil Q3 Profit and RM1.2 bil sales
Dec 09, 2010

Mah Sing Group Berhad recorded a 26% year-on-year increase in profit after tax and minority interest (PATMI) for the 3rd quarter of FY2010. PATMI for 3Q2010 was approx RM30 mil on the back of revenue of approximately RM283 million.

For the first 3 quarters of 2010, the Group achieved a 25% improvement in PATMI over the corresponding period in the previous year. Revenue and PATMI was recorded at approximately RM811 mil and RM87 mil respectively.

Mah Sing has been on an acquisition trail and to-date in 2010, had 10 new land deals with a combined gross development value of approximately RM4.0 billion.

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