Sunway Bhd”s FY2015 pre-tax profit eases to RM930 million

Sunway Bhd''s FY2015 pre-tax profit eases to RM930 million

KUALA LUMPUR, Feb 26— Sunway Bhd’s pre-tax profit for the financial year ended Dec 31, 2015 eased to RM930 million from the RM960 million registered in 2014.

Revenue declined to RM4.45 billion versus the RM4.55 billion previously, mainly due to the higher elimination of intra-group construction revenue, the company said in a filing to Bursa Malaysia.

Moving forward, Sunway said the property sector is expected to consolidate further until consumer sentiment and business confidence starts to recover.

However, the group, being diversified, has other businesses such as construction, building materials and healthcare, which are expected to perform well to mitigate the impact of potential weaker performance from the property development segment.