SELANGOR, 5 December: Sunsuria Berhad announced revenue and a net profit of RM202.4 million and RM43.8 million respectively for the financial year ended on 30th September 2016. With the current industrial and economic landscape, the company has portrayed exceptional results of 137% revenue growth with 230% profit growth as compared to the revenue of RM85.56 million and a net profit of RM13.3 million in the previous 12-month period ended on 30th September 2015.
Sunsuria’s significant growth in 2016 reflects the strong sales force, customer-centric practice and the ability to deliver quality projects and development which are currently on-going, namely Suria Residence at Bukit Jelutong, the upcoming commercial development called The Forum at Setia Alam and some of the new commercial projects situated at Sunsuria City, Bell Avenue and Jasper Square.
Echoing from Sunsuria’s Executive Chairman, Datuk Ter Leong Yap’s vision, the company will continue to strive for greater growth backed by the several launches and development in the next few years. Sunsuria has taken ambitious and several major projects to pave the way for future and will be expecting positive change not only from the current projects, but also the project expansion in its first township – Sunsuria City by 2017, which includes The Olive condominium – the first residential development of Sunsuria City, Bell Suites – a serviced apartments facing the main entrance of the majestic Xiamen University Malaysia (XMUM), and upcoming landed residential development called Monet Residences.
Apart from the township projects, Sunsuria will also be focusing on its 2nd phase expansion of The Forum mix commercial development at Setia Alam. All in all, these exciting projects in the pipeline will aim to contribute a total estimated target launch GDV of RM1.55 billion by 2017.