Mah Sing founder and group managing director Tan Sri Leong Hoy Kum (pic) said this period of restricted movement was generally challenging for all developers, as site progress of all projects were halted during MCO and there were also delays in loan approvals for sales conversions.
KUALA LUMPUR: Mah Sing Group Bhd
recorded profit before tax of RM65.6mil on the back of revenue of RM669.8mil in the first half ended June 30, and declared a dividend of 3.35 sen a share, which will be paid on Sept 29.
In a statement yesterday, it said that it achieved property sales of about RM418.6mil in the first half of financial year 2020 and had an additional RM1.6bil sales bookings on hand. “Balance sheet remained healthy with cash and bank balances of approximately RM1.13bil as at June 30, putting the group in a good position to continue focusing on increasing land banks in the Klang Valley, and exploring new business opportunities, ” it said.
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