Mah Sing’s founder and group managing director Tan Sri Leong Hoy Kum said the group would continue to strengthen its product leadership position in affordable homes targeting first-time homebuyers with an emphasis on attractive price points and practical design.
KUALA LUMPUR: Mah Sing Group Bhd
’s net profit rose 7.2% to RM43.17mil in the first quarter ended March 31, 2022 (1Q22) from RM40.28mil a year ago bolstered by higher revenue in the quarter.
In a filing with Bursa Malaysia, the property developer said its revenue was up 4.8% to RM433.22mil in the quarter compared with RM413.31mil a year ago driven by RM450mil worth of new property sales and revenue recognition of property projects under construction, coupled with the finalisation of construction costs for certain construction contracts.
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