S P Setia records higher 9M24 profit

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PETALING JAYA: Land disposals worth over RM1bil led to a surge in S P Setia Bhd’s profit before tax (PBT), rising by 2.3 times year-on-year to RM853mil in the nine months ended Sept 30, 2024 (9M24).

With 42 ongoing projects and unbilled sales totalling RM3.5bil as of Sept 30, 2024, the group said it has strong earnings visibility for the short- to mid-term.

As of Sept 2024, S P Setia has locked in RM556mil of sales in the pipeline.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaAustralia

Topics: Corporate News Property. GDV /Business/Business News S P Setia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 18:47:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 502 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 22 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23822892

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