Mah Sing Group Bhd Q3 revenue rises to RM770.74 million

Mah Sing Group Bhd Q3 revenue rises to RM770.74 million

KUALA LUMPUR, Nov 27 — Mah Sing Group Bhd’s revenue for the third quarter ended Sept 30, 2015 rose to RM770.74 million from RM713.55 million in the same period last year.

The company posted a lower pre-tax profit of RM110.68 million compared to RM119.29 million recorded in the corresponding quarter last year, it said in a filing to Bursa Malaysia today.

In a statement Friday, the group said it achieved property sales of approximately RM640 million for the quarter under review, marking the strongest sales quarter of 2015.

As at Sept 30, 2015, the group said it had a cash pile of approximately RM1.3 billion and net gearing of 0.05 times.

Group Managing Director Tan Sri Leong Hoy Kum said the good sales over the past years and nine months of the year helped Mah Sing achieved RM4.75 billion in unbilled sales which would provide good cashflow in the future.

“It also ensures continued revenue and earnings visibility for the immediate-term,” he said.

— BERNAMA

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