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This article first appeared in The Edge Financial Daily on August 28, 2017

KUALA LUMPUR: Sunsuria Bhd last Thursday announced its third financial quarter ended June 30, 2017 (3QFY17) results, posting a revenue of RM122.7 million and net profit of RM31.9 million, underlining the company’s solid business performance resulting from positive response from the market for its products.

Year to date, the company’s revenue increased to RM290.2 million from RM114.7 million while its net profit increased to RM60.5 million from RM19.3 million compared with the corresponding nine-month period last year.

Year-on-year (y-o-y), its 3QFY17 revenue has more than doubled to RM122.7 million from RM58.4 million and net profit increased by 373% to RM31.9 million from RM6.7 million. On a quarter-on-quarter basis, the 3QFY17 revenue represents an 18% increase while net profit increased by 77% compared with RM103.7 million and RM18 million respectively in 2QFY17.

“Our financial performance remains on the uptrend and we are grateful to our customers for continuing to show strong support for our developments, particularly in Forum 1 Setia Alam and Suria Residences in Bukit Jelutong as well as Jasper Square, Bell Avenue, The Olive and Bell Suites in Sunsuria City. We hope to maintain this momentum and end the year on a high [note],” said Koong Wai Seng, chief executive officer of Sunsuria.

“The strong demand for our developments in Sunsuria City has become the backbone for our strong performance this year. As we continue to innovate and improve on our design concepts and delivery in our next few launches, we hope to build on this track record and contribute towards a remarkable FY17  performance,” he said.

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