Mah Sing posts higher 2Q net profit of RM60.21mil, 8-month sales of RM1.66bil

Quick Summary:

KUALA LUMPUR: Mah Sing Group Bhd has posted a strong eight-month sales performance of RM1.66bil, putting it on track to meeting its minimum annual sales target of RM2.5bil.

The group reported revenue of RM578.39mil in 2QFY24, down from RM644.22mil in 2QFY23.

The group has secured nearly RM10bil in new gross development value, ensuring sustainable earnings visibility.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Real estate /Business/Business News Mah Sing M series Property

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 13:16:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 366 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22304315

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

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Publisher ID: #22

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